Tp Icap Plc (LON:TCAP) had its price target lifted by equities research analysts at Numis Securities Ltd from GBX 540 ($7.13) to GBX 600 ($7.92) in a research report issued to clients and investors on Wednesday. The brokerage presently has an “add” rating on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 10.19% from the company’s current price.
Several other equities analysts also recently issued reports on TCAP. Citigroup Inc. upped their price objective on shares of Tp Icap Plc from GBX 435 ($5.74) to GBX 485 ($6.40) and gave the company a “neutral” rating in a research note on Tuesday, July 11th. Shore Capital reissued a “sell” rating on shares of Tp Icap Plc in a research note on Tuesday, August 8th. Peel Hunt downgraded shares of Tp Icap Plc to a “reduce” rating and set a GBX 435 ($5.74) price objective on the stock. in a research note on Tuesday, August 8th. Liberum Capital reissued a “buy” rating and set a GBX 580 ($7.65) price objective on shares of Tp Icap Plc in a research note on Tuesday, August 8th. Finally, Barclays PLC upped their price objective on shares of Tp Icap Plc from GBX 400 ($5.28) to GBX 430 ($5.67) and gave the company an “underweight” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 527 ($6.95).
Shares of Tp Icap Plc (LON TCAP) opened at 539.50 on Wednesday. The stock’s 50 day moving average is GBX 519.08 and its 200-day moving average is GBX 485.11. Tp Icap Plc has a one year low of GBX 349.22 and a one year high of GBX 547.50. The firm’s market cap is GBX 2.99 billion.
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Tp Icap Plc Company Profile
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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