TP ICAP Group (LON:TCAP) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

TP ICAP Group PLC (LON:TCAP) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 234.33 ($3.04) and traded as low as GBX 222.23 ($2.88). TP ICAP Group shares last traded at GBX 224.50 ($2.91), with a volume of 1,774,781 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of TP ICAP Group in a research note on Wednesday, August 7th.

TP ICAP Group Trading Up 0.2 %

The business has a 50-day moving average price of GBX 233.86 and a 200-day moving average price of GBX 221.83. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 179.00. The firm has a market capitalization of £1.71 billion, a P/E ratio of 1,730.77, a PEG ratio of 0.49 and a beta of 0.65.

TP ICAP Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a GBX 4.80 ($0.06) dividend. This represents a yield of 2.27%. The ex-dividend date is Thursday, October 3rd. TP ICAP Group’s dividend payout ratio (DPR) is presently 11,538.46%.

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.