Royal Bank Of Canada Increases Tp Icap Plc (TCAP) Price Target to GBX 550
Tp Icap Plc (LON:TCAP) had its target price lifted by equities researchers at Royal Bank Of Canada from GBX 525 ($6.78) to GBX 550 ($7.10) in a report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.34% from the company’s current price.
Several other equities research analysts also recently weighed in on TCAP. Numis Securities Ltd restated an “add” rating and issued a GBX 540 ($6.97) target price on shares of Tp Icap Plc in a research note on Tuesday, August 8th. Barclays PLC raised their target price on shares of Tp Icap Plc from GBX 400 ($5.17) to GBX 430 ($5.55) and gave the company an “underweight” rating in a research note on Friday, August 11th. Liberum Capital restated a “buy” rating and issued a GBX 580 ($7.49) target price on shares of Tp Icap Plc in a research note on Wednesday, August 30th. Peel Hunt downgraded shares of Tp Icap Plc to a “reduce” rating and set a GBX 435 ($5.62) target price for the company. in a research note on Tuesday, August 8th. Finally, Shore Capital restated a “sell” rating on shares of Tp Icap Plc in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 522.50 ($6.75).
Shares of Tp Icap Plc (LON:TCAP) opened at 488.60 on Tuesday. Tp Icap Plc has a 52 week low of GBX 329.60 and a 52 week high of GBX 501.50. The stock’s market capitalization is GBX 2.71 billion. The firm’s 50-day moving average is GBX 482.55 and its 200-day moving average is GBX 471.92.
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Tp Icap Plc Company Profile
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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