ICAP plc to Issue Dividend of GBX 6.60 (IAP)
ICAP plc (LON:IAP) declared a dividend on Wednesday, November 16th. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 6.60 ($0.08) per share on Wednesday, January 25th. This represents a yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 8th. The official announcement can be accessed at this link.
ICAP plc (LON:IAP) opened at 476.20 on Thursday. The company’s market cap is GBX 3.08 billion. The firm has a 50-day moving average of GBX 480.95 and a 200-day moving average of GBX 456.58. ICAP plc has a 52 week low of GBX 364.30 and a 52 week high of GBX 535.50.
IAP has been the subject of several recent research reports. Numis Securities Ltd downgraded ICAP plc from a “buy” rating to a “hold” rating and set a GBX 500 ($6.25) price objective for the company. in a research note on Wednesday. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 490 ($6.12) price objective on shares of ICAP plc in a research note on Thursday, November 3rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 506 ($6.32) price objective on shares of ICAP plc in a research note on Friday, September 9th. BNP Paribas raised ICAP plc from a “neutral” rating to an “outperform” rating and upped their price objective for the company from GBX 450 ($5.62) to GBX 510 ($6.37) in a research note on Thursday, August 18th. Finally, Morgan Stanley lowered their price objective on ICAP plc from GBX 496 ($6.20) to GBX 465 ($5.81) and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. ICAP plc has a consensus rating of “Hold” and a consensus price target of GBX 492.18 ($6.15).
About ICAP plc
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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