TP ICAP Group (LON:TCAP) Hits New 12-Month High at $246.00

TP ICAP Group PLC (LON:TCAP)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 246 ($3.22) and last traded at GBX 240 ($3.14), with a volume of 74175664 shares trading hands. The stock had previously closed at GBX 239.88 ($3.14).

Wall Street Analyst Weigh In

TCAP has been the subject of several analyst reports. Canaccord Genuity Group increased their target price on shares of TP ICAP Group from GBX 256 ($3.35) to GBX 326 ($4.26) and gave the company a “buy” rating in a report on Monday, May 13th. Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research note on Wednesday, August 7th.

TP ICAP Group Stock Up 0.1 %

The stock has a 50 day moving average price of GBX 226.07 and a 200 day moving average price of GBX 215.67. The company has a debt-to-equity ratio of 179.00, a quick ratio of 0.97 and a current ratio of 1.25. The company has a market capitalization of £1.82 billion, a P/E ratio of 1,846.15, a PEG ratio of 0.49 and a beta of 0.65.

TP ICAP Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 4.80 ($0.06) per share. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, October 3rd. TP ICAP Group’s dividend payout ratio is currently 11,538.46%.

About TP ICAP Group

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.