TP ICAP Group (LON:TCAP – Get Free Report) released its quarterly earnings results 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 traded up GBX 1 ($0.01) during midday trading on Friday, hitting GBX 258 ($3.34). The company’s stock had a trading volume of 2,053,037 shares, compared to its average volume of 4,440,869. TP ICAP Group has a fifty-two week low of GBX 192 ($2.49) and a fifty-two week high of GBX 277.50 ($3.59). The firm has a market cap of £1.94 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.49 and a beta of 0.65. The firm’s 50 day moving average is GBX 264.91 and its 200-day moving average is GBX 252.16.
Wall Street Analyst Weigh In
Separately, Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research note on Tuesday.
TP ICAP Group announced that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
About TP ICAP Group
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