TP ICAP Group (LON:TCAP – Get Free Report) released its earnings results on Wednesday. The company reported GBX 31.80 ($0.41) earnings per share (EPS) for the quarter, Digital Look Earnings reports. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%.
TP ICAP Group Stock Performance
Shares of LON:TCAP opened at GBX 257 ($3.33) on Friday. TP ICAP Group has a 1 year low of GBX 192 ($2.49) and a 1 year high of GBX 277.50 ($3.59). The stock has a 50-day simple moving average of GBX 264.91 and a 200-day simple moving average of GBX 252.16. The stock has a market capitalization of £1.94 billion, a P/E ratio of 19.96, a PEG ratio of 0.49 and a beta of 0.65.
TP ICAP Group declared that its board has authorized a stock repurchase plan on Tuesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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TP ICAP Group Company Profile
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