TP ICAP Group (LON:TCAP) Receives Buy Rating from Shore Capital

TP ICAP Group (LON:TCAP)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 335 price target on the stock. Shore Capital’s price objective indicates a potential upside of 36.04% from the stock’s current price.

Separately, Canaccord Genuity Group raised their price target on shares of TP ICAP Group from GBX 326 to GBX 374 and gave the company a “buy” rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, TP ICAP Group currently has an average rating of “Buy” and an average target price of GBX 348.67.

TP ICAP Group Stock Down 6.0%

Shares of TCAP opened at GBX 246.25 on Wednesday. TP ICAP Group has a twelve month low of GBX 217 and a twelve month high of GBX 315. The stock has a market cap of £1.83 billion, a PE ratio of 10.94, a P/E/G ratio of 0.49 and a beta of 0.65. The business’s 50-day moving average price is GBX 269.42 and its 200-day moving average price is GBX 273.37.

TP ICAP Group (LON:TCAP) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 17.60 EPS for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Analysts expect that TP ICAP Group will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 6th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

TP ICAP Group Company Profile