Tp Icap Plc (TCAP) Given Consensus Rating of “Hold” by Brokerages
Tp Icap Plc (LON:TCAP) has received an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 519.38 ($6.71).
TCAP has been the topic of several analyst reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 580 ($7.49) target price on shares of Tp Icap Plc in a report on Wednesday, August 30th. Morgan Stanley reissued an “overweight” rating and set a GBX 620 ($8.01) price objective on shares of Tp Icap Plc in a report on Friday, September 1st. Royal Bank Of Canada initiated coverage on shares of Tp Icap Plc in a report on Wednesday, May 31st. They set an “outperform” rating and a GBX 525 ($6.78) price objective on the stock. Numis Securities Ltd reissued an “add” rating and set a GBX 540 ($6.97) price objective on shares of Tp Icap Plc in a report on Tuesday, August 8th. Finally, Citigroup Inc. boosted their price objective on shares of Tp Icap Plc from GBX 435 ($5.62) to GBX 485 ($6.26) and gave the stock a “neutral” rating in a report on Tuesday, July 11th.
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Shares of Tp Icap Plc (TCAP) traded up 0.41% on Wednesday, hitting GBX 494.00. 1,237,859 shares of the company’s stock were exchanged. Tp Icap Plc has a 12-month low of GBX 329.60 and a 12-month high of GBX 501.50. The company’s 50-day moving average price is GBX 482.26 and its 200 day moving average price is GBX 471.83. The stock’s market cap is GBX 2.74 billion.
Tp Icap Plc (LON:TCAP) last issued its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Tp Icap Plc had a net margin of 5.62% and a return on equity of 6.04%. On average, equities analysts predict that Tp Icap Plc will post $38.78 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 12th will be issued a dividend of GBX 5.60 ($0.07) per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, October 12th.
About Tp Icap Plc
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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