TP ICAP Group (LON:TCAP) Hits New 1-Year High – Time to Buy?

TP ICAP Group PLC (LON:TCAP) reached a new 52-week high on Monday . The stock traded as high as GBX 349.87 and last traded at GBX 349.87, with a volume of 228210 shares changing hands. The stock had previously closed at GBX 346.60.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 415 price target on shares of TP ICAP Group in a research report on Monday, June 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TP ICAP Group currently has an average rating of “Buy” and an average price target of GBX 365.25.

TP ICAP Group Stock Performance

The company has a market cap of £2.51 billion, a PE ratio of 14.21, a PEG ratio of 0.49 and a beta of 0.36. The company has a debt-to-equity ratio of 49.55, a quick ratio of 0.97 and a current ratio of 30.33. The firm’s 50 day moving average is GBX 326.26 and its 200-day moving average is GBX 287.09.

TP ICAP Group declared that its board has authorized a share buyback program on Thursday, March 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About TP ICAP Group