TP ICAP Group (LON:TCAP) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

TP ICAP Group (LON:TCAPGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday,London Stock Exchange reports. They presently have a GBX 415 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 29.12% from the stock’s previous close.

TP ICAP Group Stock Up 1.7%

TCAP opened at GBX 321.40 on Monday. TP ICAP Group has a 1-year low of GBX 235.50 and a 1-year high of GBX 326.20. 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 stock has a market capitalization of £2.35 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.49 and a beta of 0.36. The business has a 50 day moving average of GBX 304.09 and a 200-day moving average of GBX 272.73.

TP ICAP Group (LON:TCAPGet Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts anticipate that TP ICAP Group will post 31.0273973 earnings per share for the current year.

TP ICAP Group announced that its board has authorized a stock repurchase plan on Thursday, March 12th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

About TP ICAP Group

(Get Free Report)

Further Reading

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.