Credit Suisse Increases ICAP plc Price Target to GBX 415 (IAP)
Equities research analysts at Credit Suisse raised their target price on shares of ICAP plc (LON:IAP) from GBX 350 ($5.75) to GBX 415 ($6.81) in a research note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target would suggest a potential downside of 4.11% from the company’s current price.
ICAP plc (LON:IAP) traded down 4.31% during mid-day trading on Monday, hitting GBX 432.80. The stock had a trading volume of 1,732,685 shares. ICAP plc has a one year low of GBX 279.037 and a one year high of GBX 463.10. The stock has a 50-day moving average of GBX 439.4 and a 200-day moving average of GBX 399.8. The company’s market cap is £2.774 billion.
Several other analysts have also recently commented on the stock. Analysts at HSBC downgraded shares of ICAP plc to an “underweight” rating in a research note to investors on Monday. They now have a GBX 410 ($6.73) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of ICAP plc to a “sell” rating in a research note to investors on Monday, January 13th. They now have a GBX 440 ($7.22) price target on the stock, up previously from GBX 400 ($6.57). Finally, 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 ($7.47) price target on the stock. Seven analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. ICAP plc has a consensus rating of “Hold” and a consensus price target of GBX 376.92 ($6.19).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.