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An announcement from TP ICap ( (GB:TCAP) ) is now available.
TP ICAP Group plc announced the purchase of 380,393 of its own shares on the London Stock Exchange to be held in treasury, with the highest price paid per share at 277.50 pence and the lowest at 275.50 pence. This transaction is part of the company’s ongoing Share Buyback Programme, which aims to manage its capital structure and enhance shareholder value. Following this purchase, TP ICAP’s issued ordinary share capital consists of 795,390,932 shares, with 48,391,715 held in treasury, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:TCAP) stock is a Buy with a £305.00 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.
TP ICap’s strong financial performance and attractive valuation are offset by weak technical indicators. The company’s solid cash flow and balance sheet provide a stable foundation, while the low P/E ratio and high dividend yield suggest potential value. However, bearish technical signals indicate 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, focusing on interdealer broking and providing market infrastructure and data solutions. The company is a leading provider of intermediary services, facilitating the trading of financial instruments across various asset classes.
Average Trading Volume: 1,901,505
Technical Sentiment Signal: Buy
Current Market Cap: £1.96B
For detailed information about TCAP stock, go to TipRanks’ Stock Analysis page.