TP ICAP Group (LON:TCAP) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

TP ICAP Group PLC (LON:TCAP – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 309.97 and traded as low as GBX 307.80. TP ICAP Group shares last traded at GBX 309.30, with a volume of 1,674,535 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank restated a “buy” rating and issued a GBX 415 target price on shares of TP ICAP Group in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, TP ICAP Group currently has a consensus rating of “Buy” and a consensus price target of GBX 415.

Check Out Our Latest Research Report on TP ICAP Group

TP ICAP Group Trading Up 1.4%

The company has a debt-to-equity ratio of 57.54, a quick ratio of 0.97 and a current ratio of 28.35. The firm has a market cap of £2.24 billion, a PE ratio of 12.44, a PEG ratio of 0.49 and a beta of 0.34. The stock’s 50 day simple moving average is GBX 324.17 and its 200 day simple moving average is GBX 310.49.

About TP ICAP Group

(Get Free Report)

TP ICAP connects buyers and sellers in global financial, energy and commodities markets. We are the world’s leading wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from more than 60 offices across 28 countries, supporting brokers with award winning and market-leading technology. Further information on the company and its activities is available on the Group’s website: www.tpicap.com

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