Espirito Santo Investment Bank Research Upgrades Tullett Prebon Plc to Buy (TLPR)
Tullett Prebon Plc (LON:TLPR) was upgraded by Espirito Santo Investment Bank Research to a “buy” rating in a research note issued on Wednesday. The firm currently has a GBX 284 ($4.82) price objective on the stock, down from their previous price objective of GBX 309 ($5.25). Espirito Santo Investment Bank Research’s price target would indicate a potential upside of 13.60% from the stock’s previous close.
A number of other firms have also recently commented on TLPR. Analysts at Barclays reiterated an “equal weight” rating on shares of Tullett Prebon Plc in a research note on Wednesday. They now have a GBX 265 ($4.50) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Tullett Prebon Plc in a research note on Tuesday, July 29th. Finally, analysts at HSBC upgraded shares of Tullett Prebon Plc to an “overweight” rating in a research note on Tuesday, July 29th. They now have a GBX 311 ($5.28) price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 294.25 ($5.00).
Tullett Prebon Plc (LON:TLPR) opened at 250.00 on Wednesday. Tullett Prebon Plc has a 1-year low of GBX 234.40 and a 1-year high of GBX 400.30. The stock has a 50-day moving average of GBX 256.1 and a 200-day moving average of GBX 299.7. The company’s market cap is £544.5 million.
The company also recently declared a dividend, which is scheduled for Thursday, November 13th. Shareholders of record on Thursday, October 23rd will be given a dividend of GBX 5.60 ($0.10) per share. This represents a yield of 2.33%. The ex-dividend date of this dividend is Thursday, October 23rd.
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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