TP ICAP Group (OTCMKTS:TCAPF) Trading Up 12.5% – Here’s Why

TP ICAP Group PLC (OTCMKTS:TCAPF)’s share price traded up 12.5% during trading on Monday . The stock traded as high as $4.5025 and last traded at $4.50. 34,908 shares changed hands during mid-day trading, an increase of 272% from the average session volume of 9,382 shares. The stock had previously closed at $4.00.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TP ICAP Group in a research report on Monday, June 8th. They issued a “buy” rating for the company. Investec lowered shares of TP ICAP Group to a “hold” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, TP ICAP Group currently has an average rating of “Moderate Buy”.

TP ICAP Group Price Performance

The company’s fifty day moving average is $3.76 and its two-hundred day moving average is $3.62.

TP ICAP Group Company Profile

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.