Shore Capital Reaffirms Buy Rating for TP ICAP Group (LON:TCAP)

TP ICAP Group (LON:TCAP - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Shore Capital in a report issued on Thursday, Marketbeat Ratings reports.

TP ICAP Group Stock Performance

Shares of TCAP stock traded up GBX 2 ($0.03) on Thursday, hitting GBX 271.50 ($3.51). The company had a trading volume of 800,304 shares, compared to its average volume of 4,228,472. TP ICAP Group has a twelve month low of GBX 192 ($2.48) and a twelve month high of GBX 277.50 ($3.59). The firm has a market cap of £2.04 billion, a P/E ratio of 21.08, a P/E/G ratio of 0.49 and a beta of 0.65. The stock's 50-day moving average is GBX 266.07 and its two-hundred day moving average is GBX 253.61.

TP ICAP Group (LON:TCAP - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) EPS for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Equities research analysts predict that TP ICAP Group will post 31.0273973 EPS for the current year.

TP ICAP Group declared that its board has authorized a share repurchase plan on Tuesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

TP ICAP Group Company Profile