Tp Icap (TCAP) Given Overweight Rating at Morgan Stanley

Tp Icap (LON:TCAP)‘s stock had its “overweight” rating restated by investment analysts at Morgan Stanley in a research report issued on Wednesday. They presently have a GBX 620 ($8.69) price objective on the stock. Morgan Stanley’s target price would suggest a potential upside of 16.06% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Liberum Capital boosted their target price on shares of Tp Icap from GBX 580 ($8.13) to GBX 665 ($9.32) and gave the stock a “buy” rating in a report on Monday, January 15th. Numis Securities restated an “add” rating and issued a GBX 600 ($8.41) target price on shares of Tp Icap in a report on Friday, January 12th. Peel Hunt restated a “reduce” rating and issued a GBX 435 ($6.10) target price on shares of Tp Icap in a report on Monday, January 8th. Barclays restated an “underweight” rating and issued a GBX 430 ($6.03) target price on shares of Tp Icap in a report on Tuesday, December 5th. Finally, Societe Generale restated a “hold” rating and issued a GBX 495 ($6.94) target price on shares of Tp Icap in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 532.30 ($7.46).

Shares of Tp Icap (TCAP) opened at GBX 534.20 ($7.49) on Wednesday. Tp Icap has a fifty-two week low of GBX 438.79 ($6.15) and a fifty-two week high of GBX 560.40 ($7.86). The stock has a market cap of $2,910.00 and a price-to-earnings ratio of 3,338.75.

In other news, insider Rupert Robson purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average cost of GBX 509 ($7.14) per share, for a total transaction of £50,900 ($71,368.48).

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About Tp Icap

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.

Analyst Recommendations for Tp Icap (LON:TCAP)

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