Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
TP ICap ( (GB:TCAP) ) has shared an update.
TP ICAP Group plc has announced the purchase of 133,220 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, which aims to manage its capital structure effectively. Following this purchase, the company’s total issued ordinary share capital consists of 795,390,932 shares, with 50,801,575 shares held in treasury, impacting the total voting rights available to shareholders.
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, providing market infrastructure and data solutions. It is a leading provider of intermediary services, specializing in broking and information services across various asset classes, including rates, FX, commodities, and equities.
Average Trading Volume: 1,880,616
Technical Sentiment Signal: Buy
Current Market Cap: £1.96B
For detailed information about TCAP stock, go to TipRanks’ Stock Analysis page.