TP ICAP Group (LON:TCAP) Sets New 12-Month High – Here’s Why

Shares of TP ICAP Group PLC (LON:TCAP) hit a new 52-week high on Tuesday . The stock traded as high as GBX 353.40 and last traded at GBX 353.40, with a volume of 459499 shares trading hands. The stock had previously closed at GBX 349.80.

Wall Street Analyst Weigh In

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

TP ICAP Group Trading Down 0.9%

The business has a 50 day simple moving average of GBX 330.63 and a two-hundred day simple moving average of GBX 291.06. The company has a current ratio of 30.33, a quick ratio of 0.97 and a debt-to-equity ratio of 49.55. The company has a market cap of £2.57 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.49 and a beta of 0.36.

TP ICAP Group Company Profile