Tp Icap Plc (TCAP) Given Consensus Rating of “Hold” by Analysts
Tp Icap Plc (LON:TCAP) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 505.75 ($6.59).
A number of analysts have weighed in on the company. Barclays PLC boosted their price target on Tp Icap Plc from GBX 400 ($5.21) to GBX 430 ($5.60) and gave the stock an “underweight” rating in a research report on Friday. Numis Securities Ltd reiterated an “add” rating and issued a GBX 540 ($7.03) price objective on shares of Tp Icap Plc in a research note on Tuesday. Liberum Capital reiterated a “buy” rating and issued a GBX 580 ($7.55) price objective on shares of Tp Icap Plc in a research note on Tuesday. Peel Hunt lowered Tp Icap Plc to a “reduce” rating and set a GBX 435 ($5.66) price objective on the stock. in a research note on Tuesday. Finally, Shore Capital reiterated a “sell” rating on shares of Tp Icap Plc in a research note on Tuesday.
In other Tp Icap Plc news, insider David Shalders acquired 4,202 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 473 ($6.16) per share, for a total transaction of £19,875.46 ($25,882.88).
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Shares of Tp Icap Plc (LON:TCAP) traded down 1.41% during midday trading on Friday, reaching GBX 474.40. The company’s stock had a trading volume of 3,160,031 shares. Tp Icap Plc has a 52 week low of GBX 329.60 and a 52 week high of GBX 501.50. The stock’s market capitalization is GBX 2.63 billion. The stock has a 50-day moving average price of GBX 479.96 and a 200 day moving average price of GBX 470.65.
The firm also recently disclosed a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 12th will be paid a GBX 5.60 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.13%.
Tp Icap Plc Company Profile
TP ICAP plc, formerly Tullett Prebon plc, is a United Kingdom-based interdealer broker. The Company acts as an intermediary in the wholesale over-the-counter and exchange traded financial and commodity markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
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