Shore Capital Downgrades Tp Icap Plc (TCAP) to Sell
Tp Icap Plc (LON:TCAP) was downgraded by equities research analysts at Shore Capital to a “sell” rating in a report released on Monday, StockTargetPrices.com reports.
Several other equities research analysts also recently weighed in on the company. Numis Securities Ltd restated an “add” rating and set a GBX 540 ($6.80) price target on shares of Tp Icap Plc in a report on Monday, March 20th. HSBC Holdings plc increased their price objective on Tp Icap Plc from GBX 520 ($6.54) to GBX 540 ($6.80) and gave the company a “buy” rating in a report on Wednesday, March 15th. Barclays PLC reiterated an “underweight” rating and issued a GBX 400 ($5.03) price objective on shares of Tp Icap Plc in a report on Wednesday, March 15th. Peel Hunt reiterated a “hold” rating on shares of Tp Icap Plc in a report on Tuesday, March 14th. Finally, Liberum Capital increased their price objective on Tp Icap Plc from GBX 489 ($6.15) to GBX 561 ($7.06) and gave the company a “buy” rating in a report on Friday, March 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 497.83 ($6.27).
Shares of Tp Icap Plc (LON:TCAP) opened at 458.30 on Monday. The firm’s 50-day moving average is GBX 462.00 and its 200 day moving average is GBX 434.84. The company’s market capitalization is GBX 2539.59 billion. Tp Icap Plc has a 12 month low of GBX 270.80 and a 12 month high of GBX 497.50.
In other news, insider Andrew Baddeley purchased 17,000 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were purchased at an average price of GBX 447 ($5.63) per share, for a total transaction of £75,990 ($95,645.06). Also, insider John Phizackerley purchased 151,964 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The shares were purchased at an average price of GBX 455 ($5.73) per share, for a total transaction of £691,436.20 ($870,278.41).
About Tp Icap Plc
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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