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An announcement from TP ICap ( (GB:TCAP) ) is now available.
TP ICAP Group plc has announced the repurchase of 378,628 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, impacting its total voting rights and potentially influencing shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TCAP) stock is a Buy with a £317.00 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 73.9 reflects a strong financial performance with robust cash flow and a stable balance sheet. The valuation is attractive with a low P/E ratio and high dividend yield, making it appealing to value and income investors. However, technical analysis indicates short-term bearish momentum, which slightly offsets the positive financial and valuation aspects.
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 broking of financial, energy, and commodities products, and is a key player in facilitating trading activities on global exchanges.
Average Trading Volume: 1,820,063
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2B
For detailed information about TCAP stock, go to TipRanks’ Stock Analysis page.