TP ICAP Group (OTCMKTS:TCAPF) Trading Up 12.5% – Here’s Why

TP ICAP Group PLC (OTCMKTS:TCAPF)’s stock price was up 12.5% on Monday . The company traded as high as $4.5025 and last traded at $4.50. Approximately 34,908 shares traded hands during mid-day trading, an increase of 272% from the average daily volume of 9,382 shares. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TCAPF shares. Investec lowered shares of TP ICAP Group to a “hold” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of TP ICAP Group in a research note on Monday, June 8th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

TP ICAP Group Trading Up 12.5%

The company’s 50-day simple moving average is $3.76 and its 200 day simple moving average is $3.62.

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. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.