TP ICAP Group (OTCMKTS:TCAPF) Stock Price Up 12.5% – Here’s Why

TP ICAP Group PLC (OTCMKTS:TCAPF) rose 12.5% during mid-day trading on Monday . The stock traded as high as $4.5025 and last traded at $4.50. Approximately 34,908 shares changed hands during mid-day trading, an increase of 272% from the average daily volume of 9,382 shares. The stock had previously closed at $4.00.

Wall Street Analysts Forecast Growth

TCAPF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on TP ICAP Group in a report on Monday, June 8th. They issued a “buy” rating for the company. Investec downgraded TP ICAP Group to a “hold” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, TP ICAP Group presently has a consensus rating of “Moderate Buy”.

TP ICAP Group Price Performance

The stock has a 50 day moving average of $3.80 and a 200 day moving average of $3.63.

About TP ICAP Group

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.