Morgan Stanley Reaffirms Overweight Rating for Tp Icap (TCAP)

Tp Icap (LON:TCAP)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a report issued on Monday, March 26th.

Several other equities analysts have also commented on TCAP. Numis Securities restated an “add” rating and issued a GBX 600 ($8.59) price objective on shares of Tp Icap in a report on Thursday, November 30th. Barclays restated an “underweight” rating and issued a GBX 430 ($6.16) price objective on shares of Tp Icap in a report on Tuesday, December 5th. Liberum Capital restated a “buy” rating and issued a GBX 580 ($8.30) price objective on shares of Tp Icap in a report on Friday, December 8th. Peel Hunt restated a “reduce” rating and issued a GBX 435 ($6.23) price objective on shares of Tp Icap in a report on Monday, January 8th. Finally, Shore Capital restated a “sell” rating on shares of Tp Icap in a report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 533.30 ($7.64).

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Shares of Tp Icap stock traded up GBX 2.20 ($0.03) during mid-day trading on Monday, hitting GBX 455 ($6.51). The stock had a trading volume of 1,192,025 shares, compared to its average volume of 1,770,000. Tp Icap has a 12-month low of GBX 438.79 ($6.28) and a 12-month high of GBX 560.60 ($8.03).



In other Tp Icap news, insider Roger Perkin acquired 5,000 shares of the stock in a transaction on Friday, March 23rd. The shares were bought at an average cost of GBX 463 ($6.63) per share, with a total value of £23,150 ($33,147.19). Also, insider David Shalders acquired 4,470 shares of the stock in a transaction on Monday, April 9th. The shares were acquired at an average cost of GBX 445 ($6.37) per share, for a total transaction of £19,891.50 ($28,481.53). Over the last quarter, insiders have acquired 14,643 shares of company stock worth $6,802,709.

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Tp Icap Company Profile

TP ICAP plc, through its portfolio of businesses, provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. The company operates in four divisions: Global Broking, Energy & Commodities, Institutional Services, and Data & Analytics.

Analyst Recommendations for Tp Icap (LON:TCAP)

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