TP ICAP Group (LON:TCAP – Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 31.80 ($0.41) EPS for the quarter, Digital Look Earnings reports. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%.
TP ICAP Group Price Performance
LON TCAP opened at GBX 262 ($3.39) on Wednesday. The stock has a market capitalization of £1.97 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 0.49 and a beta of 0.65. TP ICAP Group has a 1-year low of GBX 192 ($2.49) and a 1-year high of GBX 277.50 ($3.59). The business’s fifty day moving average price is GBX 264.87 and its 200-day moving average price is GBX 251.95.
Analyst Ratings Changes
Separately, Shore Capital reaffirmed a “buy” rating on shares of TP ICAP Group in a report on Tuesday.
TP ICAP Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
About TP ICAP Group
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