TP ICAP Group (LON:TCAP) Sets New 52-Week High – Should You Buy?

TP ICAP Group PLC (LON:TCAP)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 315.60 and last traded at GBX 315.60, with a volume of 1097577 shares. The stock had previously closed at GBX 312.40.

TP ICAP Group Stock Up 0.3%

The company has a quick ratio of 0.97, a current ratio of 30.33 and a debt-to-equity ratio of 49.55. The company’s 50 day moving average price is GBX 277.73 and its 200 day moving average price is GBX 262.34. The firm has a market capitalization of £2.31 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.49 and a beta of 0.28.

TP ICAP Group (LON:TCAP) last issued its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 7.69% and a return on equity of 9.39%. As a group, research analysts forecast that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group declared that its Board of Directors has initiated a stock buyback program on Thursday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

About TP ICAP Group