TP ICAP Group PLC (LON:TCAP - Get Free Report) shares rose 0.8% during mid-day trading on Monday . The company traded as high as GBX 263 ($3.56) and last traded at GBX 262 ($3.55). Approximately 2,623,490 shares traded hands during trading, a decline of 23% from the average daily volume of 3,416,238 shares. The stock had previously closed at GBX 260 ($3.52).
Analyst Ratings Changes
Separately, Shore Capital reaffirmed a "buy" rating on shares of TP ICAP Group in a research note on Monday, June 2nd.
View Our Latest Analysis on TCAP
TP ICAP Group Stock Up 0.8%
The company has a fifty day moving average price of GBX 259 and a 200-day moving average price of GBX 260.24. The stock has a market capitalization of £1.97 billion, a P/E ratio of 20.35, a PEG ratio of 0.49 and a beta of 0.65.
TP ICAP Group announced that its board has initiated a share buyback program on Tuesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.
Insider Transactions at TP ICAP Group
In other TP ICAP Group news, insider Philip Price sold 218,818 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of GBX 261 ($3.53), for a total transaction of £571,114.98 ($773,239.89). Also, insider Nicolas Breteau sold 52,349 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.48), for a total value of £134,536.93 ($182,151.27). Insiders have sold 847,920 shares of company stock valued at $221,097,724 in the last ninety days. Corporate insiders own 0.57% of the company's stock.
TP ICAP Group Company Profile
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