TP ICAP Group (LON:TCAP) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

TP ICAP Group PLC (LON:TCAPGet Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 340.54 and traded as low as GBX 338.80. TP ICAP Group shares last traded at GBX 340.80, with a volume of 85,077,734 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 415 target price on shares of TP ICAP Group in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, TP ICAP Group has an average rating of “Buy” and a consensus price target of GBX 362.33.

Check Out Our Latest Report on TP ICAP Group

TP ICAP Group Price Performance

The stock has a 50 day simple moving average of GBX 340.54 and a two-hundred day simple moving average of GBX 309.01. The company has a market cap of £2.47 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.49 and a beta of 0.35. The company has a debt-to-equity ratio of 57.54, a current ratio of 28.35 and a quick ratio of 0.97.

TP ICAP Group (LON:TCAPGet Free Report) last issued its earnings results on Friday, August 7th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. TP ICAP Group had a return on equity of 9.51% and a net margin of 7.57%. On average, equities research analysts predict that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group Company Profile

(Get Free Report)

Recommended Stories

Receive News & Ratings for TP ICAP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TP ICAP Group and related companies with MarketBeat.com's FREE daily email newsletter.