TP ICAP Group (LON:TCAP) Stock Price Down 0.2% – Here’s Why

Shares of TP ICAP Group PLC (LON:TCAP) were down 0.2% during trading on Friday . The stock traded as low as GBX 253 and last traded at GBX 256.50. Approximately 839,268 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 2,193,456 shares. The stock had previously closed at GBX 257.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TCAP. Peel Hunt restated a “buy” rating and issued a GBX 337 price target on shares of TP ICAP Group in a research report on Wednesday, November 5th. Shore Capital restated a “buy” rating and issued a GBX 335 target price on shares of TP ICAP Group in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 348.67.

TP ICAP Group Stock Performance

The business has a 50 day moving average of GBX 251.41 and a two-hundred day moving average of GBX 269.50. The firm has a market capitalization of £1.91 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.49 and a beta of 0.65.

About TP ICAP Group