TP ICAP Group (LON:TCAP) Reaches New 1-Year High – Time to Buy?

TP ICAP Group PLC (LON:TCAPGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 323.20 and last traded at GBX 322.80, with a volume of 2316321 shares changing hands. The stock had previously closed at GBX 320.

TP ICAP Group Stock Performance

The firm’s 50 day simple moving average is GBX 291.12 and its 200-day simple moving average is GBX 266.77. The company has a debt-to-equity ratio of 49.55, a quick ratio of 0.97 and a current ratio of 30.33. The company has a market capitalization of £2.38 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.49 and a beta of 0.36.

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

TP ICAP Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

TP ICAP Group Company Profile

(Get Free Report)

See Also

Receive News & Ratings for TP ICAP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TP ICAP Group and related companies with MarketBeat.com's FREE daily email newsletter.