TP ICAP Group (LON:TCAP) Reaches New 1-Year High – Here’s Why

Shares of TP ICAP Group PLC (LON:TCAPGet Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 326.20 and last traded at GBX 325.60, with a volume of 1827678 shares. The stock had previously closed at GBX 316.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 415 target price on shares of TP ICAP Group in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 365.25.

Check Out Our Latest Stock Analysis on TCAP

TP ICAP Group Price Performance

The stock has a 50-day moving average price of GBX 304.09 and a 200 day moving average price of GBX 272.73. The company has a debt-to-equity ratio of 49.55, a current ratio of 30.33 and a quick ratio of 0.97. The firm has a market cap of £2.38 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.49 and a beta of 0.36.

TP ICAP Group (LON:TCAPGet Free Report) last announced 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 return on equity of 9.39% and a net margin of 7.69%. As a group, equities 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 has approved a stock repurchase program on Thursday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

About TP ICAP Group

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