TP ICAP Group PLC (LON:TCAP – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 326.20 and last traded at GBX 325.60, with a volume of 1827678 shares trading hands. The stock had previously closed at GBX 316.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 415 price objective on shares of TP ICAP Group in a report on Monday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 365.25.
Read Our Latest Analysis on TCAP
TP ICAP Group Stock Down 0.2%
TP ICAP Group (LON:TCAP – Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share for the quarter. TP ICAP Group had a return on equity of 9.39% and a net margin of 7.69%. On average, research analysts anticipate that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
TP ICAP Group Company Profile
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