TP ICAP Group (LON:TCAP) Reaches New 52-Week High – What’s Next?

TP ICAP Group PLC (LON:TCAP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 323.20 and last traded at GBX 322.80, with a volume of 2316321 shares. The stock had previously closed at GBX 320.

TP ICAP Group Price Performance

The company has a market capitalization of £2.34 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.49 and a beta of 0.36. The company’s 50 day simple moving average is GBX 293.51 and its 200-day simple moving average is GBX 267.52. The company has a current ratio of 30.33, a quick ratio of 0.97 and a debt-to-equity ratio of 49.55.

TP ICAP Group (LON:TCAP) last released its quarterly earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 7.69% and a return on equity of 9.39%. 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 announced that its board has initiated a stock buyback program on Thursday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About TP ICAP Group