Citigroup Inc. lowered shares of ICAP plc (LON:IAP) from a buy rating to a neutral rating in a research report released on Wednesday morning. Citigroup Inc. currently has GBX 490 ($6.40) target price on the stock.
Other equities analysts also recently issued research reports about the stock. Liberum Capital restated a buy rating and set a GBX 506 ($6.60) price objective on shares of ICAP plc in a report on Tuesday, July 5th. Numis Securities Ltd reiterated a buy rating and issued a GBX 500 ($6.53) price target on shares of ICAP plc in a report on Wednesday, July 13th. Bank of America Corp. upgraded shares of ICAP plc to a buy rating and set a GBX 500 ($6.53) price target on the stock in a report on Tuesday, June 21st. Morgan Stanley cut their price target on shares of ICAP plc from GBX 496 ($6.47) to GBX 465 ($6.07) and set an equal weight rating on the stock in a report on Thursday, July 28th. Finally, Shore Capital reiterated a hold rating on shares of ICAP plc in a report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 480.33 ($6.27).
ICAP plc (LON:IAP) traded up 0.80% during midday trading on Wednesday, hitting GBX 464.10. 492,947 shares of the stock traded hands. ICAP plc has a 12 month low of GBX 364.30 and a 12 month high of GBX 517.50. The company’s 50 day moving average price is GBX 477.58 and its 200 day moving average price is GBX 453.37. The firm’s market cap is GBX 3.00 billion.
In other news, insider Gregson,Charles Henry acquired 4,184 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were bought at an average price of GBX 462 ($6.03) per share, for a total transaction of £19,330.08 ($25,231.80).
ICAP plc Company Profile
ICAP plc (ICAP) is an operator and provider of post trade risk mitigation and information services for wholesale market participants throughout the trade life cycle. The Company’s segments are Global Broking, Electronic Markets, and Post Trade Risk and Information. The Company’s brokers locate and identify potential trading interest and in so doing create transparency and liquidity, and facilitate the price discovery process.
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