ICAP plc Given New GBX 430 Price Target at Barclays (IAP)
Investment analysts at Barclays reduced their target price on shares of ICAP plc (LON:IAP) from GBX 450 ($7.70) to GBX 430 ($7.36) in a note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 22.26% from the stock’s previous close.
ICAP plc (LON:IAP) traded down 0.70% on Thursday, hitting GBX 353.70. The stock had a trading volume of 1,725,847 shares. ICAP plc has a 52 week low of GBX 350.20 and a 52 week high of GBX 463.10. The stock has a 50-day moving average of GBX 379.8 and a 200-day moving average of GBX 403.3. The company’s market cap is £2.271 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of ICAP plc in a research note on Thursday. They now have a GBX 370 ($6.33) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of ICAP plc from GBX 385 ($6.59) to GBX 370 ($6.33) in a research note on Thursday. 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. They now have a GBX 375 ($6.42) price target on the stock. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 380 ($6.51).
ICAP plc (LON:IAP) is a markets operator and provider of post trade risk mitigation and information services.
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