Goldman Sachs Group Inc. Downgrades Tullett Prebon to Neutral (TLPR)
Tullett Prebon (LON:TLPR) was downgraded by equities researchers at Goldman Sachs Group Inc. to a “neutral” rating in a research report issued on Monday, AR Network reports. They currently have a GBX 430 ($7.09) price target on the stock, up from their previous price target of GBX 410 ($6.76). Goldman Sachs Group Inc.’s target price points to a potential upside of 11.63% from the stock’s previous close.
A number of other firms have also recently commented on TLPR. Analysts at Barclays reiterated an “equal weight” rating on shares of Tullett Prebon in a research note to investors on Friday, January 3rd. They now have a GBX 325 ($5.36) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research cut their price target on shares of Tullett Prebon from GBX 364 ($6.00) to GBX 354 ($5.83) in a research note to investors on Tuesday, November 19th. They now have a “buy” 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 Monday, November 11th. They now have a GBX 299 ($4.93) price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 331.77 ($5.47).
Tullett Prebon (LON:TLPR) traded up 0.97% during mid-day trading on Monday, hitting GBX 385.20. The stock had a trading volume of 285,627 shares. Tullett Prebon has a 52-week low of GBX 236.60 and a 52-week high of GBX 400.30. The stock has a 50-day moving average of GBX 352.2 and a 200-day moving average of GBX 341.7. The company’s market cap is £839.0 million.
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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