TP ICAP Group (LON:TCAP) Stock Passes Below Fifty Day Moving Average – Here’s Why

TP ICAP Group PLC (LON:TCAPGet Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 340.54 and traded as low as GBX 338.80. TP ICAP Group shares last traded at GBX 340.80, with a volume of 85,077,734 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 415 target price on shares of TP ICAP Group in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 362.33.

Read Our Latest Analysis on TCAP

TP ICAP Group Price Performance

The firm has a market capitalization of £2.47 billion, a PE ratio of 14.08, a P/E/G ratio of 0.49 and a beta of 0.35. The firm’s fifty day moving average price is GBX 340.54 and its 200 day moving average price is GBX 309.01. The company has a current ratio of 28.35, a quick ratio of 0.97 and a debt-to-equity ratio of 57.54.

TP ICAP Group (LON:TCAPGet Free Report) last issued its earnings results on Friday, August 7th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 7.57% and a return on equity of 9.51%. As a group, equities analysts forecast that TP ICAP Group PLC will post 31.0273973 earnings per share for the current year.

TP ICAP Group Company Profile

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Further Reading

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