ICAP plc Upgraded to Neutral at Goldman Sachs (IAP)
ICAP plc (LON:IAP) was upgraded by Goldman Sachs to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings Net reports. The firm currently has a GBX 440 ($7.22) price target on the stock. Goldman Sachs’ price objective indicates a potential upside of 6.15% from the stock’s previous close.
A number of other firms have also recently commented on IAP. Analysts at UBS AG reiterated a “sell” rating on shares of ICAP plc in a research note on Thursday, February 6th. They now have a GBX 340 ($5.58) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of ICAP plc from GBX 344 ($5.64) to GBX 364 ($5.97) in a research note on Thursday, February 6th. They now have a “neutral” rating on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of ICAP plc in a research note on Wednesday, February 5th. They now have a GBX 375 ($6.15) price target on the stock. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 379.08 ($6.22).
ICAP plc (LON:IAP) traded up 3.88% during mid-day trading on Tuesday, hitting GBX 414.50. The stock had a trading volume of 2,720,332 shares. ICAP plc has a 52-week low of GBX 279.037 and a 52-week high of GBX 463.10. The stock’s 50-day moving average is GBX 429.9 and its 200-day moving average is GBX 400.9. The company’s market cap is £2.657 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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