ICAP plc (IAP) Given “Outperform” Rating at BNP Paribas
ICAP plc (LON:IAP)‘s stock had its “outperform” rating reaffirmed by analysts at BNP Paribas in a note issued to investors on Thursday. They presently have a GBX 510 ($6.37) price objective on the stock. BNP Paribas’ price target would indicate a potential upside of 7.10% from the stock’s current price.
A number of other equities analysts have also commented on IAP. Barclays PLC reaffirmed an “overweight” rating and set a GBX 465 ($5.81) price target on shares of ICAP plc in a research report on Thursday, July 21st. Liberum Capital reaffirmed a “buy” rating and set a GBX 506 ($6.32) price target on shares of ICAP plc in a research report on Thursday, July 21st. Morgan Stanley lowered their price target on shares of ICAP plc from GBX 496 ($6.20) to GBX 465 ($5.81) and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Citigroup Inc. lowered shares of ICAP plc from a “buy” rating to a “neutral” rating and set a GBX 490 ($6.12) price target on the stock. in a research report on Wednesday, September 28th. Finally, Numis Securities Ltd lowered shares of ICAP plc from a “buy” rating to a “hold” rating and set a GBX 500 ($6.25) price target on the stock. in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 492.18 ($6.15).
ICAP plc (LON:IAP) opened at 469.60 on Thursday. The firm’s market capitalization is GBX 3.04 billion. ICAP plc has a 12 month low of GBX 364.30 and a 12 month high of GBX 535.50. The stock’s 50 day moving average is GBX 480.95 and its 200-day moving average is GBX 456.58.
The business also recently declared a dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Thursday, December 8th will be paid a GBX 6.60 ($0.08) dividend. The ex-dividend date 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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