TP ICAP Group (LON:TCAP) Trading Down 5.1% – Here’s Why

TP ICAP Group PLC (LON:TCAP) was down 5.1% on Thursday . The stock traded as low as GBX 313.40 and last traded at GBX 327.60. Approximately 96,717,930 shares traded hands during trading, an increase of 1,472% from the average session volume of 6,150,938 shares. The stock had previously closed at GBX 345.20.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 415 price target on shares of TP ICAP Group in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 362.33.

TP ICAP Group Stock Down 5.1%

The company has a debt-to-equity ratio of 49.55, a quick ratio of 0.97 and a current ratio of 30.33. The stock has a market capitalization of £2.39 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.49 and a beta of 0.36. The stock’s fifty day simple moving average is GBX 339.65 and its two-hundred day simple moving average is GBX 300.74.

TP ICAP Group Company Profile