Tp Icap Plc’s (TCAP) “Overweight” Rating Reiterated at Morgan Stanley
Tp Icap Plc (LON:TCAP)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a report issued on Friday. They currently have a GBX 620 ($8.02) price objective on the stock. Morgan Stanley’s price target would indicate a potential upside of 25.61% from the stock’s current price.
Several other analysts have also recently commented on TCAP. Numis Securities Ltd reiterated an “add” rating and issued a GBX 540 ($6.98) price objective on shares of Tp Icap Plc in a research note on Tuesday, August 8th. Barclays PLC lifted their target price on shares of Tp Icap Plc from GBX 400 ($5.17) to GBX 430 ($5.56) and gave the stock an “underweight” rating in a research report on Friday, August 11th. Liberum Capital restated a “buy” rating and set a GBX 580 ($7.50) target price on shares of Tp Icap Plc in a research report on Wednesday. Peel Hunt cut shares of Tp Icap Plc to a “reduce” rating and set a GBX 435 ($5.63) target price for the company. in a research report on Tuesday, August 8th. Finally, Shore Capital restated a “sell” rating on shares of Tp Icap Plc in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 519.38 ($6.72).
Shares of Tp Icap Plc (LON:TCAP) opened at 493.60 on Friday. The stock’s market cap is GBX 2.74 billion. The company’s 50-day moving average is GBX 479.07 and its 200 day moving average is GBX 471.67. Tp Icap Plc has a 52 week low of GBX 329.60 and a 52 week high of GBX 501.50.
About Tp Icap Plc
TP ICAP plc, formerly Tullett Prebon plc, is a United Kingdom-based interdealer broker. The Company acts as an intermediary in the wholesale over-the-counter and exchange traded financial and commodity markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
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