TP ICAP Group (LON:TCAP) Stock Passes Below 50-Day Moving Average – What’s Next?

TP ICAP Group PLC (LON:TCAPGet Free Report)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 340.54 and traded as low as GBX 338.80. TP ICAP Group shares last traded at GBX 340.80, with a volume of 85,077,734 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 415 price target on shares of TP ICAP Group in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, TP ICAP Group has an average rating of “Buy” and an average price target of GBX 362.33.

Get Our Latest Stock Analysis on TP ICAP Group

TP ICAP Group Price Performance

The company has a debt-to-equity ratio of 57.54, a quick ratio of 0.97 and a current ratio of 28.35. The firm has a market cap of £2.47 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.49 and a beta of 0.35. The stock’s 50 day simple moving average is GBX 340.54 and its 200-day simple moving average is GBX 309.01.

TP ICAP Group (LON:TCAPGet Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 7.57% and a return on equity of 9.51%. Equities research analysts anticipate that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.

About TP ICAP Group

(Get Free Report)

Further Reading

Receive News & Ratings for TP ICAP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TP ICAP Group and related companies with MarketBeat.com's FREE daily email newsletter.