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TP ICap ( (GB:TCAP) ) has issued an announcement.
TP ICAP Group plc announced the purchase of 371,207 of its own shares to be held in treasury, executed through Peel Hunt LLP on the London Stock Exchange. This transaction is part of the company’s Share Buyback Programme, impacting its total voting rights and potentially influencing shareholder decisions regarding interest notifications under regulatory guidelines.
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, primarily providing market infrastructure and data solutions. The company focuses on offering broking services, information services, and risk management solutions to a global client base, including investment banks, asset managers, hedge funds, and corporates.
Average Trading Volume: 1,867,419
Technical Sentiment Signal: Buy
Current Market Cap: £1.95B
See more insights into TCAP stock on TipRanks’ Stock Analysis page.