Tp Icap (LON:TCAP) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Tp Icap (LON:TCAP) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued reports about the stock. Numis Securities downgraded shares of Tp Icap to an add rating and lowered their price target for the stock from GBX 340 ($4.44) to GBX 320 ($4.18) in a research note on Wednesday, May 15th. Shore Capital reissued a hold rating on shares of Tp Icap in a research note on Tuesday, August 6th.

Tp Icap stock traded up GBX 6.80 ($0.09) during mid-day trading on Wednesday, hitting GBX 278.90 ($3.64). The company’s stock had a trading volume of 1,117,857 shares, compared to its average volume of 1,770,000. The company has a current ratio of 1.03, a quick ratio of 0.09 and a debt-to-equity ratio of 84.81. The stock has a market cap of $1.57 billion and a PE ratio of 48.93. The business has a 50 day moving average of GBX 304.34. Tp Icap has a 12 month low of GBX 265.80 ($3.47) and a 12 month high of GBX 327.40 ($4.28).

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be paid a dividend of GBX 5.60 ($0.07) per share. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, October 3rd. Tp Icap’s dividend payout ratio (DPR) is 2.98%.

In other news, insider David Shalders acquired 14,801 shares of the stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of GBX 269 ($3.51) per share, with a total value of £39,814.69 ($52,024.94).

Tp Icap Company Profile

TP ICAP plc, through its portfolio of businesses, provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. It operates in four divisions: Global Broking, Energy & Commodities, Institutional Services, and Data & Analytics. The Global Broking division offers professional intermediary services that enable buyers and sellers to execute trades covering rates, foreign exchange and money markets, local markets, equities, and credit asset classes.

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