Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.