TP ICAP Group (LON:TCAP) Hits New 52-Week High at $170.60

TP ICAP Group PLC (LON:TCAPGet Rating) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 170.60 ($2.06) and last traded at GBX 170.50 ($2.06), with a volume of 1027968 shares. The stock had previously closed at GBX 163 ($1.97).

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TCAP. JPMorgan Chase & Co. increased their price objective on TP ICAP Group from GBX 205 ($2.48) to GBX 210 ($2.54) and gave the stock an “overweight” rating in a report on Thursday, August 11th. Barclays reaffirmed an “overweight” rating and set a GBX 400 ($4.83) target price on shares of TP ICAP Group in a report on Monday, May 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research note on Tuesday, August 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, TP ICAP Group has a consensus rating of “Buy” and an average price target of GBX 257.50 ($3.11).

TP ICAP Group Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 138.14. The company has a fifty day moving average price of GBX 132.83 and a 200 day moving average price of GBX 130.31. The stock has a market cap of £1.34 billion and a PE ratio of 1,811.11.

TP ICAP Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be given a GBX 4.50 ($0.05) dividend. This represents a dividend yield of 3.4%. The ex-dividend date is Thursday, October 6th. TP ICAP Group’s payout ratio is 105.56%.

About TP ICAP Group

(Get Rating)

TP ICAP Group PLC provides intermediary services, contextual insights and intelligence, 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 in Global Broking, Energy & Commodities, Agency Execution, and Parameta Solutions divisions.

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