Morgan Stanley Reaffirms “Overweight” Rating for Tp Icap (LON:TCAP)

Tp Icap (LON:TCAP)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a report issued on Wednesday, February 7th. They currently have a GBX 620 ($8.57) price objective on the stock. Morgan Stanley’s price target suggests a potential upside of 15.33% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Numis Securities reissued an “add” rating and set a GBX 600 ($8.29) target price on shares of Tp Icap in a research note on Friday, November 3rd. Liberum Capital restated a “buy” rating and set a GBX 580 ($8.01) price target on shares of Tp Icap in a research report on Friday, December 8th. Peel Hunt restated a “reduce” rating and set a GBX 435 ($6.01) price target on shares of Tp Icap in a research report on Monday, November 20th. Barclays restated an “underweight” rating and set a GBX 430 ($5.94) price target on shares of Tp Icap in a research report on Tuesday, December 5th. Finally, Shore Capital reiterated a “sell” rating on shares of Tp Icap in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 532.30 ($7.35).

Tp Icap (LON:TCAP) opened at GBX 537.60 ($7.43) on Wednesday. Tp Icap has a fifty-two week low of GBX 438.79 ($6.06) and a fifty-two week high of GBX 560.60 ($7.75). The company has a market capitalization of $2,980.00 and a P/E ratio of 3,360.00.

In other Tp Icap news, insider Rupert Robson purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of GBX 509 ($7.03) per share, with a total value of £50,900 ($70,323.29).

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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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