Tullett Prebon Stock Rating Reaffirmed by Macquarie (TLPR)
Tullett Prebon (LON:TLPR)‘s stock had its “neutral” rating reiterated by research analysts at Macquarie in a report released on Thursday, AmericanBankingNews.com reports. They currently have a GBX 323 ($5.18) price objective on the stock. Macquarie’s price objective would suggest a potential upside of 3.23% from the stock’s previous close.
Shares of Tullett Prebon (LON:TLPR) traded up 0.93% on Thursday, hitting GBX 325.00. 184,395 shares of the company’s stock traded hands. Tullett Prebon has a 52-week low of GBX 218.50 and a 52-week high of GBX 400.30. The stock’s 50-day moving average is GBX 352.8 and its 200-day moving average is GBX 304.. The company’s market cap is £707.8 million.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Tullett Prebon in a research note to investors on Wednesday, October 2nd. They now have a GBX 410 ($6.58) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Tullett Prebon from GBX 300 ($4.81) to GBX 340 ($5.45) in a research note to investors on Thursday, August 8th. They now have a “neutral” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tullett Prebon in a research note to investors on Tuesday, July 30th. They now have a GBX 294 ($4.72) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 331.32 ($5.32).
Tullett Prebon plc (LON:TLPR) is an inter-dealer brokers, and acts as an intermediary in the wholesale financial markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
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