TP ICAP Group (LON:TCAP) Shares Down 1.3% – Here’s What Happened

TP ICAP Group PLC (LON:TCAP) shares dropped 1.3% on Tuesday . The company traded as low as GBX 253.50 ($3.16) and last traded at GBX 255.72 ($3.19). Approximately 2,198,628 shares traded hands during trading, a decline of 14% from the average daily volume of 2,546,648 shares. The stock had previously closed at GBX 259 ($3.23).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research report on Tuesday, November 5th.

TP ICAP Group Trading Down 1.3 %

The firm has a market capitalization of £1.94 billion, a P/E ratio of 1,967.08, a PEG ratio of 0.49 and a beta of 0.65. The business’s 50 day moving average is GBX 255.56 and its two-hundred day moving average is GBX 236.84. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 179.00.

Insider Transactions at TP ICAP Group

In related news, insider Nicolas Breteau sold 96,984 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of GBX 254 ($3.17), for a total value of £246,339.36 ($307,309.58). Company insiders own 0.57% of the company’s stock.

About TP ICAP Group

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.