ICAP plc PT Raised to GBX 356 (IAP)
Analysts at Espirito Santo Investment Bank Research increased their target price on shares of ICAP plc (LON:IAP) from GBX 353 ($5.65) to GBX 356 ($5.70) in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Espirito Santo Investment Bank Research’s price target points to a potential downside of 6.39% from the company’s current price.
Shares of ICAP plc (LON:IAP) traded down 2.09% on Thursday, hitting GBX 380.30. 1,491,414 shares of the company’s stock traded hands. ICAP plc has a 52 week low of GBX 272.80 and a 52 week high of GBX 426.30. The stock’s 50-day moving average is GBX 390.4 and its 200-day moving average is GBX 353.7. The company’s market cap is £2.434 billion.
A number of other analysts have also recently weighed in on IAP. Analysts at Bank of America Corp. downgraded shares of ICAP plc (LON:IAP) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 20th. They now have a GBX 425 ($6.81) price target on the stock, down previously from GBX 450 ($7.21). Separately, analysts at Morgan Stanley upgraded shares of ICAP plc (LON:IAP) to an “overweight” rating in a research note to investors on Thursday, September 5th. They now have a GBX 418 ($6.70) price target on the stock, up previously from GBX 283 ($4.53). Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of ICAP plc (LON:IAP) in a research note to investors on Friday, July 19th. They now have a GBX 440 ($7.05) price target on the stock. Five analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. ICAP plc has an average rating of “Hold” and a consensus target price of GBX 362 ($5.80).
ICAP plc is an interdealer broker and provider of post trade risk and information services. The Company operates in three segments: Voice, Electronic and Post trade risk and information.
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