TP ICAP Group (LON:TCAP) Hits New 12-Month High – Still a Buy?

TP ICAP Group PLC (LON:TCAP) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 349.87 and last traded at GBX 349.87, with a volume of 228210 shares. The stock had previously closed at GBX 346.60.

Analyst Ratings Changes

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

TP ICAP Group Price Performance

The company has a debt-to-equity ratio of 49.55, a current ratio of 30.33 and a quick ratio of 0.97. The firm has a market capitalization of £2.56 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.49 and a beta of 0.36. The business’s fifty day simple moving average is GBX 324.71 and its 200 day simple moving average is GBX 285.77.

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

About TP ICAP Group