TP ICAP Group (LON:TCAP – Get Free Report) announced that its board has initiated a stock repurchase program on Tuesday, March 11th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
TP ICAP Group Stock Down 2.9 %
LON TCAP opened at GBX 255.50 ($3.31) on Friday. TP ICAP Group has a 12-month low of GBX 192 ($2.49) and a 12-month high of GBX 277.50 ($3.59). The firm has a 50-day moving average price of GBX 264.91 and a two-hundred day moving average price of GBX 252.16. The company has a market capitalization of £1.92 billion, a P/E ratio of 19.84, a P/E/G ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP – Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) earnings per share for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Equities analysts expect that TP ICAP Group will post 31.0273973 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on TP ICAP Group
TP ICAP Group Company Profile
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