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TP ICAP Group (LON:TCAP) Share Price Passes Below 50 Day Moving Average - Time to Sell?

TP ICAP Group logo with Financial Services background

TP ICAP Group PLC (LON:TCAP - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 234.33 ($3.04) and traded as low as GBX 222.23 ($2.88). TP ICAP Group shares last traded at GBX 224.50 ($2.91), with a volume of 1,774,781 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of TP ICAP Group in a research note on Wednesday, August 7th.

Get Our Latest Research Report on TP ICAP Group

TP ICAP Group Stock Up 0.2 %

The company has a debt-to-equity ratio of 179.00, a quick ratio of 0.97 and a current ratio of 1.25. The business's 50 day moving average is GBX 234.11 and its 200-day moving average is GBX 221.74. The firm has a market capitalization of £1.71 billion, a price-to-earnings ratio of 1,730.57, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.

TP ICAP Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be issued a GBX 4.80 ($0.06) dividend. This represents a yield of 2.27%. The ex-dividend date is Thursday, October 3rd. TP ICAP Group's dividend payout ratio (DPR) is currently 11,538.46%.

TP ICAP Group Company Profile

(Get Free Report)

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions.

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