ICAP plc (IAP) Receives Consensus Rating of “Hold” from Analysts
ICAP plc (LON:IAP) has been given an average rating of “Hold” by the twelve ratings firms that are covering the stock. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 492.18 ($6.15).
Several equities analysts have issued reports on IAP shares. Numis Securities Ltd lowered ICAP plc from a “buy” rating to a “hold” rating and set a GBX 500 ($6.25) price objective on the stock. in a report on Wednesday, November 16th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 490 ($6.12) price objective on shares of ICAP plc in a report on Thursday, November 3rd. BNP Paribas raised ICAP plc from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from GBX 450 ($5.62) to GBX 510 ($6.37) in a report on Thursday, August 18th. Liberum Capital reaffirmed a “buy” rating and set a GBX 506 ($6.32) price objective on shares of ICAP plc in a report on Friday, September 9th. Finally, Morgan Stanley dropped their price objective on ICAP plc from GBX 496 ($6.20) to GBX 465 ($5.81) and set an “equal weight” rating on the stock in a report on Thursday, July 28th.
ICAP plc (LON:IAP) opened at 478.10 on Thursday. The stock’s market cap is GBX 3.09 billion. ICAP plc has a 52 week low of GBX 364.30 and a 52 week high of GBX 535.50. The company has a 50 day moving average price of GBX 481.92 and a 200 day moving average price of GBX 456.74.
The business also recently announced a dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Thursday, December 8th will be issued a GBX 6.60 ($0.08) dividend. The ex-dividend date is Thursday, December 8th. This represents a yield of 1.39%.
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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