Tp Icap’s (TCAP) Underweight Rating Reiterated at Barclays
Tp Icap (LON:TCAP)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Tuesday. They currently have a GBX 430 ($5.79) price objective on the stock. Barclays’ price target would suggest a potential downside of 14.51% from the stock’s previous close.
Several other analysts have also issued reports on TCAP. Numis Securities reaffirmed an “add” rating and set a GBX 600 ($8.08) price target on shares of Tp Icap in a research report on Friday, November 3rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 580 ($7.81) price target on shares of Tp Icap in a research report on Tuesday, August 8th. Peel Hunt lowered shares of Tp Icap to a “reduce” rating and set a GBX 435 ($5.85) price target on the stock. in a research report on Tuesday, August 8th. Shore Capital reissued a “sell” rating on shares of Tp Icap in a research report on Tuesday, August 8th. Finally, Macquarie lowered shares of Tp Icap to a “neutral” rating and set a GBX 503 ($6.77) price objective on the stock. in a research report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 523.80 ($7.05).
Shares of Tp Icap (LON:TCAP) traded up GBX 2.50 ($0.03) during mid-day trading on Tuesday, hitting GBX 503 ($6.77). 1,340,000 shares of the stock were exchanged, compared to its average volume of 1,460,000. Tp Icap has a twelve month low of GBX 410.20 ($5.52) and a twelve month high of GBX 547.50 ($7.37).
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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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