Tp Icap’s (TCAP) Add Rating Reaffirmed at Numis Securities

Tp Icap (LON:TCAP)‘s stock had its “add” rating reissued by investment analysts at Numis Securities in a report released on Tuesday. They presently have a GBX 600 ($8.29) target price on the stock. Numis Securities’ price objective indicates a potential upside of 18.11% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 620 ($8.57) price target on shares of Tp Icap in a research note on Wednesday, February 7th. Liberum Capital reiterated a “buy” rating and set a GBX 580 ($8.01) target price on shares of Tp Icap in a report on Friday, December 8th. Peel Hunt reiterated a “reduce” rating and set a GBX 435 ($6.01) target price on shares of Tp Icap in a report on Monday, November 20th. Barclays reiterated an “underweight” rating and set a GBX 430 ($5.94) target price on shares of Tp Icap in a report on Tuesday, December 5th. Finally, Shore Capital reiterated a “sell” rating on shares of Tp Icap in a report on Tuesday. 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 company’s stock. Tp Icap presently has an average rating of “Hold” and an average target price of GBX 532.30 ($7.35).

Tp Icap (TCAP) opened at GBX 507 ($7.00) on Tuesday. The stock has a market cap of $2,980.00 and a PE ratio of 3,168.75. Tp Icap has a twelve month low of GBX 438.79 ($6.06) and a twelve month high of GBX 560.60 ($7.75).

In other news, insider Rupert Robson purchased 10,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of GBX 509 ($7.03) per share, for a total transaction of £50,900 ($70,323.29).

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Tp Icap 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.

Analyst Recommendations for Tp Icap (LON:TCAP)

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