TP ICAP Group (LON:TCAP) Stock Price Up 1.6% - Should You Buy?

Key Points

• TP ICAP Group stock rose 1.6% to GBX 281 on Thursday with an unusually large trading volume of 158,449,656 shares, about a 1,917% increase versus its average daily volume.
• The company has a market cap of £2.09 billion, a P/E of 12.49 and PEG of 0.49, with recent quarterly EPS of GBX 33.50, ROE of 9.39% and a net margin of 7.69%; its 50- and 200-day moving averages are roughly GBX 260.6 and GBX 258.5.
• TP ICAP's board announced a stock repurchase plan on March 12, but the filing oddly lists authorization to repurchase 0 shares, an ambiguous detail despite buybacks typically signaling management views the stock as undervalued.

TP ICAP Group PLC (LON:TCAP - Get Free Report) rose 1.6% on Thursday . The company traded as high as GBX 281 and last traded at GBX 281. Approximately 158,449,656 shares were traded during mid-day trading, an increase of 1,917% from the average daily volume of 7,855,352 shares. The stock had previously closed at GBX 276.50.

TP ICAP Group Trading Up 1.6%

The company has a 50 day moving average of GBX 260.61 and a 200-day moving average of GBX 258.47. The stock has a market cap of £2.09 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.49 and a beta of 0.39. The company has a debt-to-equity ratio of 49.55, a quick ratio of 0.97 and a current ratio of 30.33.

TP ICAP Group (LON:TCAP - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share for the quarter. TP ICAP Group had a return on equity of 9.39% and a net margin of 7.69%. On average, research analysts anticipate that TP ICAP Group PLC will post 31.0273973 earnings per share for the current year.

TP ICAP Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

About TP ICAP Group

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