ICAP plc’s (IAP) “Overweight” Rating Reiterated at Barclays PLC
Barclays PLC reissued their overweight rating on shares of ICAP plc (LON:IAP) in a research report released on Thursday morning. Barclays PLC currently has a GBX 540 ($7.05) price target on the stock.
Other equities analysts have also recently issued research reports about the company. Bank of America Corp. raised ICAP plc to a buy rating and set a GBX 500 ($6.53) price target on the stock in a research note on Tuesday, June 21st. Numis Securities Ltd reissued a buy rating and issued a GBX 500 ($6.53) price target on shares of ICAP plc in a research note on Wednesday, July 13th. Liberum Capital reissued a buy rating and issued a GBX 506 ($6.60) price target on shares of ICAP plc in a research note on Tuesday, July 5th. Morgan Stanley lowered their target price on ICAP plc from GBX 496 ($6.47) to GBX 465 ($6.07) and set an equal weight rating on the stock in a research note on Thursday, July 28th. Finally, Shore Capital reaffirmed a hold rating on shares of ICAP plc in a research note on Friday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 487.42 ($6.36).
Shares of ICAP plc (LON:IAP) opened at 483.20 on Thursday. ICAP plc has a 1-year low of GBX 364.30 and a 1-year high of GBX 517.50. The stock’s 50 day moving average is GBX 470.98 and its 200-day moving average is GBX 452.56. The stock’s market cap is GBX 3.13 billion.
In related news, insider Spencer,Michael Alan purchased 100,000 shares of the stock in a transaction on Monday, June 27th. The shares were purchased at an average cost of GBX 392 ($5.12) per share, for a total transaction of £392,000 ($511,682.55). Also, insider Gregson,Charles Henry purchased 4,184 shares of the stock in a transaction on Friday, July 22nd. The stock was bought at an average price of GBX 462 ($6.03) per share, for a total transaction of £19,330.08 ($25,231.80).
About ICAP plc
ICAP plc (ICAP) is an operator and provider of post trade risk mitigation and information services for wholesale market participants throughout the trade life cycle. The Company’s segments are Global Broking, Electronic Markets, and Post Trade Risk and Information. The Company’s brokers locate and identify potential trading interest and in so doing create transparency and liquidity, and facilitate the price discovery process.
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