Tullett Prebon Plc Coverage Initiated by Analysts at Liberum Capital (TLPR)
Liberum Capital assumed coverage on shares of Tullett Prebon Plc (LON:TLPR) in a research note issued on Thursday. The firm set a “sell” rating and a GBX 240 ($4.02) price target on the stock. Liberum Capital’s target price would suggest a potential downside of 14.16% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Tullett Prebon Plc in a research note on Wednesday. They now have a GBX 309 ($5.18) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Tullett Prebon Plc in a research note on Friday, May 23rd. They now have a GBX 360 ($6.04) price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Tullett Prebon Plc from GBX 390 ($6.54) to GBX 360 ($6.04) in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 320.67 ($5.38).
Tullett Prebon Plc (LON:TLPR) traded down 2.71% on Thursday, hitting GBX 279.60. The stock had a trading volume of 240,475 shares. Tullett Prebon Plc has a one year low of GBX 270.036 and a one year high of GBX 400.30. The stock has a 50-day moving average of GBX 298.5 and a 200-day moving average of GBX 324.4. The company’s market cap is £608.2 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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