Peel Hunt Lowers Tp Icap Plc (TCAP) to Reduce
Peel Hunt downgraded shares of Tp Icap Plc (LON:TCAP) to a reduce rating in a research report report published on Tuesday morning. Peel Hunt currently has GBX 435 ($5.66) price objective on the stock.
Several other research firms have also issued reports on TCAP. Shore Capital reissued a sell rating on shares of Tp Icap Plc in a research report on Tuesday. Royal Bank Of Canada assumed coverage on shares of Tp Icap Plc in a research report on Wednesday, May 31st. They issued an outperform rating and a GBX 525 ($6.84) price objective for the company. Citigroup Inc. increased their price objective on shares of Tp Icap Plc from GBX 435 ($5.66) to GBX 485 ($6.32) and gave the stock a neutral rating in a research report on Tuesday, July 11th. Liberum Capital reissued a buy rating and issued a GBX 580 ($7.55) price objective on shares of Tp Icap Plc in a research report on Tuesday, June 6th. Finally, Numis Securities Ltd reissued an add rating and issued a GBX 540 ($7.03) price objective on shares of Tp Icap Plc in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 502 ($6.54).
Tp Icap Plc (LON TCAP) traded up 0.12% on Tuesday, reaching GBX 496.80. 1,038,551 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 479.55 and a 200-day moving average of GBX 470.20. The company’s market cap is GBX 2.75 billion. Tp Icap Plc has a 12-month low of GBX 329.60 and a 12-month high of GBX 501.50.
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In other news, insider David Shalders purchased 4,202 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of GBX 473 ($6.16) per share, with a total value of £19,875.46 ($25,882.88).
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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