ICAP plc’s (IAP) Overweight Rating Reaffirmed at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of ICAP plc (LON:IAP) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 540 ($6.75) price objective on the stock.
Other equities analysts also recently issued reports about the stock. BNP Paribas reissued a neutral rating and set a GBX 450 ($5.62) price target on shares of ICAP plc in a report on Tuesday, August 2nd. Numis Securities Ltd cut shares of 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 report on Wednesday. Morgan Stanley lowered 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 research report on Thursday, July 28th. Citigroup Inc. restated a neutral rating and issued a GBX 490 ($6.12) price objective on shares of ICAP plc in a research report on Thursday, November 3rd. Finally, Liberum Capital restated a buy rating and issued a GBX 506 ($6.32) price objective on shares of ICAP plc in a research report on Thursday, July 21st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 492.18 ($6.15).
ICAP plc (LON:IAP) traded down 0.98% during mid-day trading on Thursday, reaching GBX 473.40. 1,432,992 shares of the company traded hands. ICAP plc has a one year low of GBX 364.30 and a one year high of GBX 535.50. The firm’s market cap is GBX 3.06 billion. The stock’s 50-day moving average price is GBX 480.96 and its 200-day moving average price is GBX 456.73.
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Thursday, December 8th will be given a GBX 6.60 ($0.08) dividend. This represents a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, December 8th.
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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