Tp Icap Plc (LON:TCAP) had its target price upped by Royal Bank Of Canada from GBX 525 ($6.78) to GBX 550 ($7.10) in a research report report published on Tuesday. They currently have an outperform rating on the stock.
A number of other brokerages have also recently issued reports on TCAP. Liberum Capital restated a buy rating and issued a GBX 580 ($7.49) price objective on shares of Tp Icap Plc in a research note on Tuesday, June 6th. Numis Securities Ltd reiterated an add rating and set a GBX 540 ($6.97) target price on shares of Tp Icap Plc in a research report on Tuesday, August 8th. Morgan Stanley reiterated an overweight rating and set a GBX 620 ($8.01) target price on shares of Tp Icap Plc in a research report on Friday, September 1st. Citigroup Inc. increased their target price on shares of Tp Icap Plc from GBX 435 ($5.62) to GBX 485 ($6.26) and gave the stock a neutral rating in a research report on Tuesday, July 11th. Finally, Barclays PLC increased their target price on shares of Tp Icap Plc from GBX 400 ($5.17) to GBX 430 ($5.55) and gave the stock an underweight rating in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 522.50 ($6.75).
Tp Icap Plc (LON:TCAP) opened at 485.10 on Tuesday. The firm’s market capitalization is GBX 2.69 billion. Tp Icap Plc has a 1-year low of GBX 329.60 and a 1-year high of GBX 501.50. The firm’s 50-day moving average is GBX 482.58 and its 200-day moving average is GBX 472.14.
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The company also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 12th will be given a dividend of GBX 5.60 ($0.07) per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 12th.
Tp Icap Plc Company Profile
TP ICAP plc, formerly Tullett Prebon plc, is a United Kingdom-based interdealer broker. The Company acts as an intermediary in the wholesale over-the-counter and exchange traded financial and commodity markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
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