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

TP ICAP Group PLC (LON:TCAPGet Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 326.20 and last traded at GBX 325.60, with a volume of 1827678 shares. The stock had previously closed at GBX 316.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 415 target price on shares of TP ICAP Group in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 365.25.

Read Our Latest Research Report on TCAP

TP ICAP Group Price Performance

The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.49 and a beta of 0.36. The company has a current ratio of 30.33, a quick ratio of 0.97 and a debt-to-equity ratio of 49.55. The company’s fifty day moving average is GBX 304.09 and its two-hundred day moving average is GBX 272.73.

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

TP ICAP Group announced that its board has initiated a share repurchase plan on Thursday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About TP ICAP Group

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