TP ICAP Group (LON:TCAP) Sets New 52-Week High – Here’s Why

TP ICAP Group PLC (LON:TCAP)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 348 and last traded at GBX 342.60, with a volume of 627378 shares. The stock had previously closed at GBX 344.20.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 415 price objective on shares of TP ICAP Group in a research note on Monday, June 8th. Four 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 price target of GBX 365.25.

TP ICAP Group Stock Performance

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 firm has a 50-day simple moving average of GBX 312.95 and a two-hundred day simple moving average of GBX 277.30. The company has a market capitalization of £2.52 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38.

TP ICAP Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

TP ICAP Group Company Profile