Tp Icap Plc’s (TCAP) “Reduce” Rating Reaffirmed at Peel Hunt
Tp Icap Plc (LON:TCAP)‘s stock had its “reduce” rating reissued by research analysts at Peel Hunt in a report released on Monday. They currently have a GBX 435 ($5.72) price objective on the stock. Peel Hunt’s price target suggests a potential downside of 11.44% from the stock’s previous close.
Several other research analysts have also recently weighed in on TCAP. Shore Capital restated a “sell” rating on shares of Tp Icap Plc in a research note on Tuesday, August 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 580 ($7.63) price objective on shares of Tp Icap Plc in a report on Tuesday, August 8th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 540 ($7.10) price objective on shares of Tp Icap Plc in a report on Tuesday, August 8th. Barclays PLC lifted their price objective on Tp Icap Plc from GBX 400 ($5.26) to GBX 430 ($5.66) and gave the stock an “underweight” rating in a report on Friday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 620 ($8.15) price objective on shares of Tp Icap Plc in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 523.80 ($6.89).
Tp Icap Plc (LON:TCAP) traded up GBX 1.70 ($0.02) during mid-day trading on Monday, hitting GBX 491.20 ($6.46). The stock had a trading volume of 876,115 shares, compared to its average volume of 1,450,000. Tp Icap Plc has a 52-week low of GBX 4.87 ($0.06) and a 52-week high of GBX 547.50 ($7.20).
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About Tp Icap Plc
TP ICAP plc, formerly Tullett Prebon plc, is a United Kingdom-based interdealer broker. The Company acts as an intermediary in the wholesale over-the-counter and exchange traded financial and commodity markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
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