TP ICAP Group PLC (LON:TCAP - Get Free Report) shares were down 1.3% during mid-day trading on Friday . The stock traded as low as GBX 271.50 ($3.67) and last traded at GBX 273.50 ($3.70). Approximately 2,812,049 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,164,259 shares. The stock had previously closed at GBX 277 ($3.74).
Analyst Upgrades and Downgrades
Several analysts recently issued reports on TCAP shares. Shore Capital reaffirmed a "buy" rating on shares of TP ICAP Group in a report on Wednesday, August 6th. Canaccord Genuity Group increased their price target on shares of TP ICAP Group from GBX 326 to GBX 374 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 374.
Get Our Latest Research Report on TCAP
TP ICAP Group Stock Down 0.4%
The company has a market capitalization of £2.06 billion, a P/E ratio of 1,220.00, a PEG ratio of 0.49 and a beta of 0.65. The stock has a fifty day simple moving average of GBX 288.33 and a 200-day simple moving average of GBX 270.80.
TP ICAP Group (LON:TCAP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 17.60 EPS for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. Analysts predict that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 6th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
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