ICAP plc Downgraded by Goldman Sachs Group Inc. to “Sell” (IAP)
ICAP plc (LON:IAP) was downgraded by stock analysts at Goldman Sachs Group Inc. to a “sell” rating in a report issued on Monday, Analyst Ratings News reports. They currently have a GBX 440 ($7.25) target price on the stock, up from their previous target price of GBX 400 ($6.59). Goldman Sachs Group Inc.’s target price points to a potential downside of 2.63% from the company’s current price.
A number of other analysts have also recently weighed in on IAP. Analysts at Barclays reiterated an “overweight” rating on shares of ICAP plc in a research note to investors on Friday, January 3rd. They now have a GBX 455 ($7.50) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of ICAP plc in a research note to investors on Thursday, December 5th. They now have a GBX 350 ($5.77) price target on the stock. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 368 ($6.06).
Shares of ICAP plc (LON:IAP) traded down 1.05% on Monday, hitting GBX 451.90. 753,698 shares of the company’s stock traded hands. ICAP plc has a 1-year low of GBX 279.037 and a 1-year high of GBX 463.10. The stock’s 50-day moving average is GBX 433.8 and its 200-day moving average is GBX 397.1. The company’s market cap is £2.897 billion.
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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