TP ICAP Group (LON:TCAP – Get Free Report) announced that its Board of Directors has authorized a share repurchase program on Thursday, March 12th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
TP ICAP Group Stock Up 9.4%
Shares of TCAP traded up GBX 23 during trading hours on Thursday, hitting GBX 268.50. 13,881,336 shares of the company were exchanged, compared to its average volume of 5,784,464. The company has a debt-to-equity ratio of 50.90, a quick ratio of 0.97 and a current ratio of 1.21. The company has a market cap of £2.00 billion, a PE ratio of 11.93, a PEG ratio of 0.49 and a beta of 0.39. The firm’s 50 day moving average is GBX 255.25 and its 200-day moving average is GBX 259.30. TP ICAP Group has a 52 week low of GBX 217 and a 52 week high of GBX 315.
TP ICAP Group (LON:TCAP – Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share for the quarter. TP ICAP Group had a return on equity of 8.75% and a net margin of 7.72%. On average, equities research analysts forecast that TP ICAP Group will post 31.0273973 EPS for the current fiscal year.
TP ICAP Group Company Profile
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