TP ICAP Group (LON:TCAP) Stock Price Up 1.2% - Should You Buy?

Key Points

• TP ICAP Group's share price increased by 1.2% to GBX 307.21 ($4.08), though trading volume was down 71% from its average daily volume.
• Analysts maintain a "buy" rating for TP ICAP Group, with Canaccord Genuity raising the price target to GBX 374 ($4.97).
• Insider sales amounted to a total of 795,571 shares valued at approximately $207.6 million over the last 90 days.

TP ICAP Group PLC (LON:TCAP - Get Free Report)'s stock price rose 1.2% during trading on Monday . The company traded as high as GBX 308 ($4.14) and last traded at GBX 307.21 ($4.13). Approximately 878,772 shares were traded during trading, a decline of 71% from the average daily volume of 3,061,919 shares. The stock had previously closed at GBX 303.50 ($4.08).

Wall Street Analyst Weigh In

TCAP has been the topic of several recent research reports. Canaccord Genuity Group raised their target price on shares of TP ICAP Group from GBX 326 ($4.38) to GBX 374 ($5.03) and gave the stock a "buy" rating in a report on Thursday, July 31st. Shore Capital reiterated a "buy" rating on shares of TP ICAP Group in a research report on Wednesday.

TP ICAP Group Stock Performance

The business's fifty day moving average is GBX 282.94 and its 200-day moving average is GBX 267.88. The firm has a market cap of £2.13 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.

TP ICAP Group (LON:TCAP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 17.60 ($0.24) earnings per share for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Analysts predict that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group announced that its Board of Directors has approved a share repurchase program on Wednesday, August 6th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Insider Transactions at TP ICAP Group

In other news, insider Robin Stewart sold 214,471 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 ($3.51), for a total value of £559,769.31 ($752,782.83). Also, insider Nicolas Breteau sold 362,282 shares of TP ICAP Group stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of GBX 261 ($3.51), for a total value of £945,556.02 ($1,271,592.28). Insiders sold a total of 795,571 shares of company stock valued at $207,644,031 over the last ninety days. 0.57% of the stock is currently owned by insiders.

TP ICAP Group Company Profile