TP ICAP Group (OTCMKTS:TCAPF) Trading Up 1.3% – Still a Buy?
by Sarita Garza · The Markets DailyTP ICAP Group PLC (OTCMKTS:TCAPF – Get Free Report)’s stock price shot up 1.3% during trading on Tuesday . The company traded as high as $4.56 and last traded at $4.56. Approximately 750 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 7,917 shares. The stock had previously closed at $4.50.
Analyst Ratings Changes
Several brokerages have recently weighed in on TCAPF. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TP ICAP Group in a report on Monday, June 8th. They set a “buy” rating on the stock. Investec downgraded shares of TP ICAP Group to a “hold” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on TP ICAP Group
TP ICAP Group Trading Up 1.3%
The business’s 50-day moving average is $4.56 and its two-hundred day moving average is $3.98.
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. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.