TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
TP ICap ( (GB:TCAP) ) has issued an announcement.
TP ICAP Group plc announced the purchase of 389,321 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, which impacts the company’s share capital structure by increasing the number of shares held in treasury, thereby potentially influencing shareholder voting rights and market perception.
The most recent analyst rating on (GB:TCAP) stock is a Hold with a £299.00 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 Neutral.
The overall stock score is driven by strong financial performance and attractive valuation, offset by weak technical indicators. The company’s robust cash flow and stable balance sheet are significant strengths, while bearish technical signals suggest caution in the short term.
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, specializing in interdealer brokerage. The company provides a range of services including broking, data and analytics, and market intelligence, primarily focusing on facilitating transactions in financial, energy, and commodity markets.
Average Trading Volume: 1,867,419
Technical Sentiment Signal: Buy
Current Market Cap: £1.95B
For detailed information about TCAP stock, go to TipRanks’ Stock Analysis page.