TP ICAP Group (LON:TCAP) Earns Buy Rating from Shore Capital

TP ICAP Group (LON:TCAP)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 335 price objective on the stock. Shore Capital’s price objective indicates a potential upside of 36.04% from the company’s previous close.

Separately, Canaccord Genuity Group raised their price target on shares of TP ICAP Group from GBX 326 to GBX 374 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, TP ICAP Group currently has an average rating of “Buy” and a consensus price target of GBX 348.67.

TP ICAP Group Stock Performance

TCAP opened at GBX 246.25 on Wednesday. TP ICAP Group has a fifty-two week low of GBX 217 and a fifty-two week high of GBX 315. The firm has a 50-day moving average of GBX 269.42 and a 200 day moving average of GBX 273.37. The firm has a market cap of £1.83 billion, a P/E ratio of 10.94, a PEG ratio of 0.49 and a beta of 0.65.

TP ICAP Group (LON:TCAP) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 17.60 EPS for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Equities research analysts predict that TP ICAP Group will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group announced that its Board of Directors has approved a share buyback plan on Wednesday, August 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

About TP ICAP Group