TP ICAP Group (LON:TCAP - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Shore Capital in a research note issued on Monday, Marketbeat Ratings reports.
TP ICAP Group Trading Down 1.1%
Shares of LON:TCAP traded down GBX 3 ($0.04) during mid-day trading on Monday, hitting GBX 260 ($3.51). 1,579,999 shares of the company traded hands, compared to its average volume of 3,644,623. The stock has a 50-day moving average price of GBX 254.06 and a two-hundred day moving average price of GBX 260.50. TP ICAP Group has a 12-month low of GBX 197 ($2.66) and a 12-month high of GBX 281.43 ($3.80). The stock has a market cap of £1.96 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.43) earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. As a group, analysts expect that TP ICAP Group will post 31.0273973 earnings per share for the current year.
TP ICAP Group announced that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.
Insider Activity at TP ICAP Group
In related 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 value of £571,114.98 ($772,090.01). Also, insider Nicolas Breteau sold 52,349 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.47), for a total value of £134,536.93 ($181,880.40). Over the last three months, insiders sold 847,920 shares of company stock valued at $221,097,724. 0.57% of the stock is owned by insiders.
About TP ICAP Group
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