Tp Icap’s (TCAP) “Add” Rating Reiterated at Numis Securities
Tp Icap (LON:TCAP)‘s stock had its “add” rating reaffirmed by Numis Securities in a report issued on Thursday. They presently have a GBX 600 ($8.04) target price on the stock. Numis Securities’ target price points to a potential upside of 18.58% from the stock’s current price.
TCAP has been the subject of several other research reports. Liberum Capital reissued a “buy” rating and set a GBX 580 ($7.77) target price on shares of Tp Icap in a research note on Monday, November 20th. Barclays boosted their target price on Tp Icap from GBX 400 ($5.36) to GBX 430 ($5.76) and gave the stock an “underweight” rating in a research note on Friday, August 11th. Peel Hunt reissued a “reduce” rating and set a GBX 435 ($5.83) target price on shares of Tp Icap in a research note on Monday, November 20th. Shore Capital reissued a “sell” rating on shares of Tp Icap in a research note on Tuesday, August 8th. Finally, Societe Generale reissued a “hold” rating and set a GBX 495 ($6.63) target price on shares of Tp Icap in a research note on Monday, November 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 523.80 ($7.01).
Tp Icap (TCAP) traded up GBX 5.50 ($0.07) on Thursday, reaching GBX 506 ($6.78). 1,460,066 shares of the company traded hands, compared to its average volume of 1,480,000. Tp Icap has a 1-year low of GBX 410.20 ($5.49) and a 1-year high of GBX 547.50 ($7.33).
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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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