Tp Icap Plc (LON:TCAP)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $310.61 and traded as low as $295.00. Tp Icap shares last traded at $302.00, with a volume of 1,119,121 shares trading hands.
A number of research analysts have recently issued reports on TCAP shares. Barclays decreased their target price on Tp Icap from GBX 440 ($5.75) to GBX 435 ($5.68) and set an “overweight” rating on the stock in a research report on Monday, August 10th. Peel Hunt restated a “buy” rating on shares of Tp Icap in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 407 ($5.32).
The firm has a market capitalization of $1.70 billion and a price-to-earnings ratio of 30.82. The business has a 50 day simple moving average of GBX 310.61 and a 200-day simple moving average of GBX 335.37. The company has a debt-to-equity ratio of 53.06, a quick ratio of 0.05 and a current ratio of 1.02.
The business also recently announced a dividend, which will be paid on Friday, November 6th. Shareholders of record on Thursday, October 1st will be paid a GBX 5.60 ($0.07) dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 1st. Tp Icap’s dividend payout ratio (DPR) is presently 173.47%.
In other Tp Icap news, insider Robin Stewart sold 4,431 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of GBX 353 ($4.61), for a total value of £15,641.43 ($20,438.30).
About Tp Icap (LON:TCAP)
TP ICAP plc, through its portfolio of businesses, provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. It operates in four divisions: Global Broking, Energy & Commodities, Institutional Services, and Data & Analytics. The Global Broking division offers professional intermediary services that enable buyers and sellers to execute trades covering rates, foreign exchange and money markets, local markets, equities, and credit asset classes.
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