TP ICAP Group’s (TCAP) “Buy” Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of TP ICAP Group (LON:TCAPFree Report) in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 335 target price on the stock.

Separately, Canaccord Genuity Group boosted their price objective on shares of TP ICAP Group from GBX 326 to GBX 374 and gave the company a “buy” rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, TP ICAP Group has an average rating of “Buy” and a consensus target price of GBX 348.67.

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TP ICAP Group Stock Down 1.0%

TCAP opened at GBX 249.50 on Wednesday. The business’s 50 day moving average is GBX 267.61 and its two-hundred day moving average is GBX 273.10. TP ICAP Group has a 52 week low of GBX 217 and a 52 week high of GBX 315. The firm has a market cap of £1.86 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.

TP ICAP Group (LON:TCAPGet Free Report) last released its earnings results on Wednesday, August 6th. The company reported GBX 17.60 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Equities analysts expect that TP ICAP Group will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group announced that its board has initiated a share repurchase plan on Wednesday, August 6th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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