TP ICAP Group (LON:TCAP) Reaches New 52-Week High – Here’s What Happened

TP ICAP Group PLC (LON:TCAP)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 348 and last traded at GBX 342.60, with a volume of 627378 shares. The stock had previously closed at GBX 344.20.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 415 price objective on shares of TP ICAP Group in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, TP ICAP Group currently has a consensus rating of “Buy” and an average target price of GBX 365.25.

TP ICAP Group Stock Down 0.5%

The firm has a market cap of £2.50 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. The firm’s 50 day moving average is GBX 310.41 and its two-hundred day moving average is GBX 275.92. The company has a current ratio of 30.33, a quick ratio of 0.97 and a debt-to-equity ratio of 49.55.

TP ICAP Group (LON:TCAP) last issued its earnings results on Thursday, March 12th. The company reported GBX 33.50 EPS for the quarter. TP ICAP Group had a net margin of 7.69% and a return on equity of 9.39%. As a group, research analysts anticipate that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group announced that its board has approved a share buyback plan on Thursday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

TP ICAP Group Company Profile