TP ICAP Group (LON:TCAP) Shares Up 0.2% - Here's What Happened

TP ICAP Group PLC (LON:TCAP - Get Free Report) shares shot up 0.2% during mid-day trading on Thursday . The company traded as high as GBX 275.82 ($3.42) and last traded at GBX 272 ($3.37). 920,439 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,280,998 shares. The stock had previously closed at GBX 271.50 ($3.36).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of TP ICAP Group in a report on Tuesday, November 5th.

TP ICAP Group Price Performance

The stock has a 50 day moving average of GBX 264.14 and a 200-day moving average of GBX 246.57. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 179.00. The stock has a market capitalization of £2.07 billion, a P/E ratio of 2,096.15, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.

Insider Activity

In other TP ICAP Group news, insider Nicolas Breteau sold 96,984 shares of TP ICAP Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of GBX 254 ($3.15), for a total transaction of £246,339.36 ($305,253.23). Insiders own 0.57% of the company's stock.

About TP ICAP Group