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The latest update is out from TP ICap ( (GB:TCAP) ).
TP ICAP Group plc announced a share buyback, purchasing 138,542 of its own shares to be held in treasury, with the highest price paid per share at 285 pence. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, impacting the total voting rights and share capital distribution.
The most recent analyst rating on (GB:TCAP) stock is a Buy with a £310.00 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 overall stock score is driven by strong financial performance and attractive valuation. The company’s robust cash flow and improved debt metrics provide a solid foundation. However, technical analysis indicates bearish momentum, which tempers the overall 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, providing a range of interdealer brokerage services. The company focuses on facilitating the trading of financial instruments in various markets, including fixed income, equities, foreign exchange, and commodities.
Average Trading Volume: 1,856,780
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.06B
Find detailed analytics on TCAP stock on TipRanks’ Stock Analysis page.