TP ICAP Group (LON:TCAP – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 31.80 ($0.41) earnings per share 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
TCAP stock opened at GBX 261 ($3.38) on Thursday. The stock has a market capitalization of £1.97 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 0.49 and a beta of 0.65. The business’s fifty day moving average price is GBX 264.98 and its two-hundred day moving average price is GBX 252.13. TP ICAP Group has a fifty-two week low of GBX 192 ($2.49) and a fifty-two week high of GBX 277.50 ($3.60).
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a “buy” rating on shares of TP ICAP Group in a research note on Tuesday.
TP ICAP Group declared that its board has authorized a stock repurchase program on Tuesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
About TP ICAP Group
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