TP ICAP Group (LON:TCAP) Stock Passes Below 50-Day Moving Average – Here’s What Happened

TP ICAP Group PLC (LON:TCAP)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 336.24 and traded as low as GBX 321.20. TP ICAP Group shares last traded at GBX 326.60, with a volume of 901,598 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 415 target price on shares of TP ICAP Group in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, TP ICAP Group currently has an average rating of “Buy” and an average price target of GBX 362.33.

TP ICAP Group Stock Performance

The company has a debt-to-equity ratio of 57.54, a current ratio of 28.35 and a quick ratio of 0.97. The stock has a market cap of £2.33 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.49 and a beta of 0.35. The stock’s 50-day moving average is GBX 335.78 and its 200 day moving average is GBX 316.81.

TP ICAP Group (LON:TCAP) last released its earnings results on Friday, August 7th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. TP ICAP Group had a return on equity of 9.51% and a net margin of 7.57%. As a group, analysts predict that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group Company Profile