TP ICAP Group (LON:TCAP) Stock Falls 1.4% – Time to Sell?

TP ICAP Group PLC (LON:TCAP)’s share price dropped 1.4% during mid-day trading on Friday. The company traded as low as GBX 316.60 and last traded at GBX 320.20. 827,820 shares changed hands during trading, a decline of 84% from the average daily volume of 5,239,230 shares. The stock had previously closed at GBX 324.80.

Analyst Upgrades and Downgrades

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

TP ICAP Group Price Performance

The company has a quick ratio of 0.97, a current ratio of 28.35 and a debt-to-equity ratio of 57.54. The firm’s 50 day simple moving average is GBX 327.20 and its 200 day simple moving average is GBX 308.05. The company has a market capitalization of £2.28 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.49 and a beta of 0.34.

TP ICAP Group (LON:TCAP) last announced its quarterly earnings data 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%. As a group, research analysts anticipate that TP ICAP Group PLC will post 31.03 EPS for the current fiscal year.

TP ICAP Group Company Profile