ICAP plc’s Underweight Rating Reaffirmed at HSBC (IAP)
ICAP plc (LON:IAP)‘s stock had its “underweight” rating reiterated by stock analysts at HSBC in a report issued on Thursday. They currently have a GBX 380 ($6.40) price objective on the stock. HSBC’s target price would suggest a potential downside of 5.08% from the stock’s previous close.
A number of other analysts have also recently weighed in on IAP. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of ICAP plc in a research note on Friday, May 23rd. They now have a GBX 420 ($7.07) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of ICAP plc from GBX 395 ($6.65) to GBX 370 ($6.23) in a research note on Thursday, May 15th. They now have an “underperform” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of ICAP plc to a “hold” rating in a research note on Wednesday, May 14th. They now have a GBX 350 ($5.89) price target on the stock, up previously from GBX 300 ($5.05). Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 384.50 ($6.47).
Shares of ICAP plc (LON:IAP) opened at 393.916 on Thursday. ICAP plc has a one year low of GBX 343.00 and a one year high of GBX 463.10. The stock has a 50-day moving average of GBX 399.9 and a 200-day moving average of GBX 412.4. The company’s market cap is £2.533 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 25th. Stockholders of record on Wednesday, July 2nd will be given a dividend of GBX 15.40 ($0.26) per share. This represents a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, July 2nd.
ICAP plc (LON:IAP) is a markets operator and provider of post trade risk mitigation and information services.
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