Tp Icap Plc (LON:TCAP)’s stock price fell 0.5% during trading on Monday . The stock traded as low as GBX 401.50 ($5.28) and last traded at GBX 401.50 ($5.28), 605,319 shares traded hands during trading. A decline of 66% from the average session volume of 1,770,000 shares. The stock had previously closed at GBX 403.70 ($5.31).
Several research firms have recently commented on TCAP. Peel Hunt reaffirmed a “buy” rating on shares of Tp Icap in a report on Monday, December 23rd. HSBC upped their target price on Tp Icap from GBX 400 ($5.26) to GBX 420 ($5.52) and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. began coverage on Tp Icap in a report on Thursday, December 5th. They set an “overweight” rating and a GBX 450 ($5.92) target price for the company. Finally, Shore Capital lowered Tp Icap to a “sell” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Tp Icap currently has an average rating of “Hold” and a consensus price target of GBX 381 ($5.01).
The company has a market capitalization of $2.28 billion and a P/E ratio of 26.70. The company has a fifty day moving average price of GBX 403.05 and a 200 day moving average price of GBX 343.03. The company has a debt-to-equity ratio of 48.69, a current ratio of 1.01 and a quick ratio of 1.01.
TP ICAP plc, through its portfolio of businesses, provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. It operates in four divisions: Global Broking, Energy & Commodities, Institutional Services, and Data & Analytics. The Global Broking division offers professional intermediary services that enable buyers and sellers to execute trades covering rates, foreign exchange and money markets, local markets, equities, and credit asset classes.
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