TP ICAP Group (LON:TCAP) Reaches New 12-Month High – Time to Buy?

TP ICAP Group PLC (LON:TCAP) hit a new 52-week high on Tuesday . The stock traded as high as GBX 320.40 and last traded at GBX 319.40, with a volume of 12694959 shares traded. The stock had previously closed at GBX 314.80.

TP ICAP Group Stock Down 0.8%

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 has a market cap of £2.33 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.49 and a beta of 0.28. The firm has a 50-day moving average price of GBX 281.15 and a two-hundred day moving average price of GBX 263.57.

TP ICAP Group (LON:TCAP) last issued its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share for the quarter. TP ICAP Group had a return on equity of 9.39% and a net margin of 7.69%. On average, sell-side analysts forecast that TP ICAP Group PLC will post 31.0273973 earnings per share for the current year.

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

About TP ICAP Group