ICAP plc (IAP) Downgraded by Numis Securities Ltd to Hold
Numis Securities Ltd downgraded shares of ICAP plc (LON:IAP) from a buy rating to a hold rating in a research note released on Wednesday. They currently have GBX 500 ($6.25) price target on the stock.
Several other research analysts also recently commented on IAP. Barclays PLC reissued an overweight rating and set a GBX 465 ($5.81) price objective on shares of ICAP plc in a report on Thursday, July 21st. Liberum Capital reissued a buy rating and set a GBX 506 ($6.32) price objective on shares of ICAP plc in a report on Thursday, July 21st. Morgan Stanley dropped their price objective on shares of ICAP plc from GBX 496 ($6.20) to GBX 465 ($5.81) and set an equal weight rating for the company in a report on Thursday, July 28th. BNP Paribas reissued a neutral rating and set a GBX 450 ($5.62) price objective on shares of ICAP plc in a report on Tuesday, August 2nd. Finally, Citigroup Inc. downgraded shares of ICAP plc from a buy rating to a neutral rating and set a GBX 490 ($6.12) price objective for the company. in a report on Wednesday, September 28th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. ICAP plc presently has an average rating of Hold and an average target price of GBX 492.18 ($6.15).
Shares of ICAP plc (LON:IAP) traded up 0.40% on Wednesday, reaching GBX 478.10. The company had a trading volume of 1,750,793 shares. The stock’s 50 day moving average is GBX 480.95 and its 200 day moving average is GBX 456.58. ICAP plc has a 52 week low of GBX 364.30 and a 52 week high of GBX 535.50. The firm’s market capitalization is GBX 3120.33 billion.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 6.60 ($0.08) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a dividend yield of 1.39%.
ICAP plc Company Profile
ICAP plc is a markets, technology and risk solutions company. The Company provides trade execution platforms and technology-based workflow/risk mitigation solutions to the global financial markets. The Company’s segments include Electronic Markets, Post Trade Risk and Information, and Global Broking.
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