ICAP plc Stock Rating Reaffirmed by Liberum Capital (IAP)
ICAP plc (LON:IAP)‘s stock had its “sell” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Wednesday. They currently have a GBX 306 ($5.06) target price on the stock. Liberum Capital’s price objective suggests a potential downside of 18.44% from the stock’s previous close.
Shares of ICAP plc (LON:IAP) traded up 0.45% on Wednesday, hitting GBX 376.90. The stock had a trading volume of 663,147 shares. ICAP plc has a 52 week low of GBX 338.70 and a 52 week high of GBX 463.10. The stock’s 50-day moving average is GBX 358. and its 200-day moving average is GBX 389.3. The company’s market cap is £2.420 billion.
A number of other firms have also recently commented on IAP. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of ICAP plc from GBX 333 ($5.51) to GBX 312 ($5.16) in a research note on Thursday, July 24th. They now have a “sell” rating on the stock. Separately, analysts at Barclays cut their price target on shares of ICAP plc from GBX 450 ($7.45) to GBX 430 ($7.12) in a research note on Thursday, July 17th. They now have an “overweight” rating on the stock. Finally, 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 ($6.12) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 378.69 ($6.27).
ICAP plc (LON:IAP) is a markets operator and provider of post trade risk mitigation and information services.
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