Peel Hunt Reaffirms Reduce Rating for Tp Icap (LON:TCAP)

Tp Icap (LON:TCAP)‘s stock had its “reduce” rating reissued by research analysts at Peel Hunt in a research report issued to clients and investors on Monday, November 20th. They presently have a GBX 435 ($5.85) target price on the stock. Peel Hunt’s price objective would indicate a potential downside of 13.87% from the company’s previous close.

Several other brokerages have also issued reports on TCAP. Macquarie lowered Tp Icap to a “neutral” rating and set a GBX 503 ($6.77) price objective for the company. in a report on Monday, October 9th. Royal Bank Of Canada lifted their price objective on Tp Icap from GBX 525 ($7.07) to GBX 550 ($7.40) and gave the stock an “outperform” rating in a research note on Tuesday, September 12th. Numis Securities reiterated an “add” rating and issued a GBX 600 ($8.08) price objective on shares of Tp Icap in a research note on Friday, November 3rd. Barclays reissued an “underweight” rating and set a GBX 430 ($5.79) target price on shares of Tp Icap in a research report on Monday, November 6th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 580 ($7.81) target price on shares of Tp Icap in a research report on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 523.80 ($7.05).

Shares of Tp Icap (LON:TCAP) traded down GBX 1.46 ($0.02) during trading on Monday, hitting GBX 505.04 ($6.80). The stock had a trading volume of 7,385,186 shares, compared to its average volume of 1,460,000. Tp Icap has a 1-year low of GBX 410.20 ($5.52) and a 1-year high of GBX 547.50 ($7.37).

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Tp Icap Company Profile

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.

Analyst Recommendations for Tp Icap (LON:TCAP)

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