TP ICAP Group (LON:TCAP) Earns “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of TP ICAP Group (LON:TCAP) in a research report report published on Wednesday morning, Marketbeat.com reports.

Separately, Canaccord Genuity Group lifted their price target on shares of TP ICAP Group from GBX 256 ($3.27) to GBX 326 ($4.17) and gave the stock a buy rating in a research note on Monday, May 13th.

TP ICAP Group Stock Performance

Shares of LON:TCAP traded down GBX 5.50 ($0.07) during midday trading on Wednesday, reaching GBX 225.50 ($2.88). 1,547,524 shares of the company’s stock traded hands, compared to its average volume of 1,318,676. TP ICAP Group has a one year low of GBX 153 ($1.96) and a one year high of GBX 242.50 ($3.10). The stock has a 50 day moving average of GBX 212.45 and a 200 day moving average of GBX 206.67. The company has a market cap of £1.74 billion, a price-to-earnings ratio of 2,505.56, a P/E/G ratio of 0.49 and a beta of 0.64. The company has a debt-to-equity ratio of 138.55, a quick ratio of 0.97 and a current ratio of 1.29.

TP ICAP Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, October 3rd. TP ICAP Group’s payout ratio is currently 16,666.67%.

TP ICAP Group Company Profile

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions.