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An announcement from TP ICap ( (GB:TCAP) ) is now available.
TP ICAP Group plc has executed a share buyback program, purchasing 371,207 of its own shares to be held in treasury. The transaction was conducted through Peel Hunt LLP on the London Stock Exchange, with a volume-weighted average price of 274.72 pence per share. This move adjusts the company’s share capital and voting rights, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TCAP) stock is a Hold with a £299.00 price target. To see the full list of analyst forecasts on TP ICap stock, see the GB:TCAP Stock Forecast page.
Spark’s Take on GB:TCAP Stock
According to Spark, TipRanks’ AI Analyst, GB:TCAP is a Neutral.
The overall stock score is driven by strong financial performance and attractive valuation, offset by weak technical indicators. The company’s robust cash flow and stable balance sheet are significant strengths, while bearish technical signals suggest caution in the short term.
To see Spark’s full report on GB:TCAP stock, click here.
More about TP ICap
TP ICAP Group plc operates in the financial services industry, specializing in interdealer brokerage. The company provides a range of services including brokering, information services, and risk management solutions, primarily focusing on facilitating transactions in financial, energy, and commodities markets.
Average Trading Volume: 1,867,419
Technical Sentiment Signal: Buy
Current Market Cap: £1.95B
Find detailed analytics on TCAP stock on TipRanks’ Stock Analysis page.