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

TP ICAP Group (LON:TCAP)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

TP ICAP Group Stock Up 2.7 %

Shares of TP ICAP Group stock opened at GBX 263 ($3.41) on Tuesday. The company has a market cap of £1.98 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The company’s 50 day moving average is GBX 264.98 and its 200 day moving average is GBX 252.13. TP ICAP Group has a twelve month low of GBX 192 ($2.49) and a twelve month high of GBX 277.50 ($3.60).

TP ICAP Group (LON:TCAP) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) earnings per share for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Sell-side analysts expect that TP ICAP Group will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group announced that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

About TP ICAP Group