Macquarie downgraded shares of Tp Icap Plc (LON:TCAP) to a neutral rating in a research note released on Monday morning, Marketbeat reports. The firm currently has GBX 503 ($6.61) target price on the stock.
A number of other research firms have also recently weighed in on TCAP. Royal Bank Of Canada lifted their price objective on Tp Icap Plc from GBX 525 ($6.90) to GBX 550 ($7.23) and gave the company an outperform rating in a research report on Tuesday, September 12th. Liberum Capital reaffirmed a buy rating and set a GBX 580 ($7.63) price objective on shares of Tp Icap Plc in a research report on Wednesday, August 30th. Numis Securities Ltd reaffirmed an add rating and set a GBX 540 ($7.10) price objective on shares of Tp Icap Plc in a research report on Tuesday, August 8th. Morgan Stanley reaffirmed an overweight rating and set a GBX 620 ($8.15) price objective on shares of Tp Icap Plc in a research report on Friday, September 1st. Finally, Citigroup Inc. lifted their price objective on Tp Icap Plc from GBX 435 ($5.72) to GBX 485 ($6.38) and gave the company a neutral rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 520.33 ($6.84).
Shares of Tp Icap Plc (LON:TCAP) opened at 529.00 on Monday. Tp Icap Plc has a 12 month low of GBX 340.90 and a 12 month high of GBX 541.50. The stock’s 50 day moving average price is GBX 497.34 and its 200 day moving average price is GBX 477.14. The company’s market capitalization is GBX 2.93 billion.
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The firm also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 12th will be paid a dividend of GBX 5.60 ($0.07) per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, October 12th.
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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