Espirito Santo Investment Bank Research Lowers ICAP plc Price Target to GBX 312 (IAP)
Stock analysts at Espirito Santo Investment Bank Research decreased their target price on shares of ICAP plc (LON:IAP) from GBX 333 ($5.69) to GBX 312 ($5.33) in a report issued on Thursday. The firm currently has a “sell” rating on the stock. Espirito Santo Investment Bank Research’s price target would suggest a potential downside of 10.65% from the stock’s previous close.
Shares of ICAP plc (LON:IAP) traded down 1.50% during mid-day trading on Thursday, hitting GBX 347.80. 597,622 shares of the company’s stock traded hands. ICAP plc has a one year low of GBX 341.00 and a one year high of GBX 463.10. The stock has a 50-day moving average of GBX 373.5 and a 200-day moving average of GBX 399.9. The company’s market cap is £2.233 billion.
A number of other firms have also recently commented on IAP. Analysts at Barclays cut their price target on shares of ICAP plc from GBX 450 ($7.69) to GBX 430 ($7.35) in a research note on Thursday, July 17th. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of ICAP plc in a research note on Thursday, July 17th. They now have a GBX 370 ($6.32) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of ICAP plc from GBX 385 ($6.58) to GBX 370 ($6.32) in a research note on Thursday, July 17th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 378.69 ($6.47).
ICAP plc (LON:IAP) is a markets operator and provider of post trade risk mitigation and information services.
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