TP ICAP Group (LON:TCAP) Hits New 1-Year High – Here’s Why

TP ICAP Group PLC (LON:TCAP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 268 ($3.40) and last traded at GBX 259.50 ($3.29), with a volume of 268266 shares changing hands. The stock had previously closed at GBX 263.50 ($3.34).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a report on Tuesday, November 5th.

TP ICAP Group Trading Up 0.7 %

The business has a fifty day moving average price of GBX 240.09 and a 200-day moving average price of GBX 227.54. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 179.00. The company has a market cap of £1.99 billion, a P/E ratio of 2,015.38, a PEG ratio of 0.49 and a beta of 0.65.

Insider Activity at TP ICAP Group

In related news, insider Nicolas Breteau sold 96,984 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of GBX 254 ($3.22), for a total value of £246,339.36 ($312,296.35). 0.57% of the stock is currently owned by corporate insiders.

TP ICAP Group Company Profile

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions.