ICAP plc (IAP) Rating Reiterated by BNP Paribas
ICAP plc (LON:IAP)‘s stock had its “outperform” rating reaffirmed by analysts at BNP Paribas in a note issued to investors on Monday. They currently have a GBX 510 ($6.66) target price on the stock. BNP Paribas’ price objective would indicate a potential upside of 6.47% from the company’s previous close.
Several other brokerages have also commented on IAP. Liberum Capital reaffirmed a “buy” rating and issued a GBX 506 ($6.60) price objective on shares of ICAP plc in a research report on Thursday, July 14th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 500 ($6.53) price objective on shares of ICAP plc in a research report on Wednesday, July 13th. Barclays PLC raised shares of ICAP plc to an “overweight” rating and lifted their price objective for the stock from GBX 420 ($5.48) to GBX 465 ($6.07) in a research report on Thursday, June 30th. Morgan Stanley lowered their price objective on shares of ICAP plc from GBX 496 ($6.47) to GBX 465 ($6.07) and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Finally, Societe Generale lowered shares of ICAP plc to a “hold” rating and lowered their price objective for the stock from GBX 530 ($6.92) to GBX 455 ($5.94) in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 480.33 ($6.27).
ICAP plc (LON:IAP) opened at 469.30 on Monday. The company has a 50-day moving average of GBX 478.48 and a 200 day moving average of GBX 453.26. ICAP plc has a 52 week low of GBX 364.30 and a 52 week high of GBX 517.50. The company’s market cap is GBX 3.04 billion.
In related news, insider Gregson,Charles Henry purchased 4,184 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was acquired at an average price of GBX 462 ($6.03) per share, with a total value of £19,330.08 ($25,231.80).
About ICAP plc
ICAP plc (ICAP) is an operator and provider of post trade risk mitigation and information services for wholesale market participants throughout the trade life cycle. The Company’s segments are Global Broking, Electronic Markets, and Post Trade Risk and Information. The Company’s brokers locate and identify potential trading interest and in so doing create transparency and liquidity, and facilitate the price discovery process.
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