Tp Icap (LON:TCAP)‘s stock had its “underweight” rating restated by analysts at Barclays in a research report issued on Wednesday, March 14th. They presently have a GBX 430 ($6.04) target price on the stock. Barclays’ price objective points to a potential downside of 3.33% from the stock’s previous close.
A number of other equities analysts have also issued reports on the company. Shore Capital reissued a “sell” rating on shares of Tp Icap in a report on Tuesday, March 13th. Morgan Stanley reissued an “overweight” rating and set a GBX 620 ($8.70) price target on shares of Tp Icap in a report on Wednesday, February 7th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 580 ($8.14) price objective on shares of Tp Icap in a report on Friday, December 8th. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 435 ($6.11) price objective on shares of Tp Icap in a report on Monday, November 20th. Finally, Numis Securities reaffirmed an “add” rating and issued a GBX 600 ($8.42) price objective on shares of Tp Icap in a report on Tuesday, March 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 533.30 ($7.49).
Shares of TCAP traded up GBX 4.90 ($0.07) during midday trading on Wednesday, reaching GBX 444.80 ($6.24). 1,474,491 shares of the stock were exchanged, compared to its average volume of 1,770,000. Tp Icap has a twelve month low of GBX 438.79 ($6.16) and a twelve month high of GBX 560.60 ($7.87).
In related news, insider Carol Sergeant acquired 5,173 shares of the stock in a transaction dated Wednesday, March 14th. The stock was bought at an average cost of GBX 483 ($6.78) per share, with a total value of £24,985.59 ($35,072.42). Also, insider Roger Perkin acquired 5,000 shares of the stock in a transaction dated Friday, March 23rd. The shares were bought at an average cost of GBX 463 ($6.50) per share, with a total value of £23,150 ($32,495.79).
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Tp Icap Company Profile
TP ICAP plc, through its portfolio of businesses, provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. The company operates in four divisions: Global Broking, Energy & Commodities, Institutional Services, and Data & Analytics.
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