ICAP plc’s (IAP) “Outperform” Rating Reaffirmed at BNP Paribas
BNP Paribas reaffirmed their outperform rating on shares of ICAP plc (LON:IAP) in a research note published on Monday morning. BNP Paribas currently has a GBX 510 ($6.66) price objective on the stock.
A number of other equities analysts also recently commented on the company. Citigroup Inc. downgraded ICAP plc from a buy rating to a neutral rating and set a GBX 490 ($6.40) price objective for the company. in a research report on Wednesday, September 28th. Liberum Capital reissued a buy rating and set a GBX 506 ($6.60) price objective on shares of ICAP plc in a research report on Thursday, July 21st. Barclays PLC raised ICAP plc to an overweight rating and boosted their price objective for the stock from GBX 420 ($5.48) to GBX 465 ($6.07) in a research report on Thursday, June 30th. Bank of America Corp. raised ICAP plc to a buy rating and set a GBX 500 ($6.53) price objective for the company in a research report on Tuesday, June 21st. Finally, Morgan Stanley decreased their target price on ICAP plc from GBX 496 ($6.47) to GBX 465 ($6.07) and set an equal weight rating for the company in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 480.33 ($6.27).
Shares of ICAP plc (LON:IAP) traded up 3.36% during midday trading on Monday, hitting GBX 486.50. 449,954 shares of the stock were exchanged. ICAP plc has a one year low of GBX 364.30 and a one year high of GBX 517.50. The firm has a 50 day moving average of GBX 478.52 and a 200-day moving average of GBX 453.36. The company’s market cap is GBX 3.15 billion.
In related news, insider Gregson,Charles Henry purchased 4,184 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was acquired at an average price of GBX 462 ($6.03) per share, for a total transaction of £19,330.08 ($25,231.80).
ICAP plc Company Profile
ICAP plc (ICAP) is an operator and provider of post trade risk mitigation and information services for wholesale market participants throughout the trade life cycle. The Company’s segments are Global Broking, Electronic Markets, and Post Trade Risk and Information. The Company’s brokers locate and identify potential trading interest and in so doing create transparency and liquidity, and facilitate the price discovery process.
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