TP ICAP Group (LON:TCAP) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

TP ICAP Group (LON:TCAPGet Free Report)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 415 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 29.12% from the stock’s previous close.

TP ICAP Group Trading Up 1.7%

Shares of LON TCAP opened at GBX 321.40 on Monday. The stock has a market cap of £2.35 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.49 and a beta of 0.36. The business has a 50 day simple moving average of GBX 304.09 and a 200 day simple moving average of GBX 272.73. TP ICAP Group has a 52 week low of GBX 235.50 and a 52 week high of GBX 326.20. The company has a debt-to-equity ratio of 49.55, a quick ratio of 0.97 and a current ratio of 30.33.

TP ICAP Group (LON:TCAPGet Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported GBX 33.50 EPS for the quarter. TP ICAP Group had a return on equity of 9.39% and a net margin of 7.69%. On average, research analysts predict that TP ICAP Group will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group announced that its Board of Directors has initiated a share repurchase program on Thursday, March 12th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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