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TP ICap ( (GB:TCAP) ) has issued an update.
TP ICAP Group plc has announced the repurchase of 397,789 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 program, which impacts the total voting rights and share capital structure, potentially influencing shareholder interests and market perceptions.
The most recent analyst rating on (GB:TCAP) stock is a Buy with a £312.00 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 Outperform.
The overall stock score of 72 reflects a strong financial performance and attractive valuation, which are the most significant factors. Technical analysis presents mixed signals, indicating potential short-term weakness but longer-term support. The absence of earnings call and corporate events data did not impact the score.
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 focusing on interdealer broking. The company provides a range of services including market-making and trading solutions, serving a global client base in financial markets.
Average Trading Volume: 1,778,269
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.99B
For a thorough assessment of TCAP stock, go to TipRanks’ Stock Analysis page.