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TP ICap PLC (GB:TCAP)
LSE:TCAP

TP ICap (TCAP) AI Stock Analysis

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GB:TCAP

TP ICap

(LSE:TCAP)

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Outperform 74 (OpenAI - 4o)
Rating:74Outperform
Price Target:
281.00p
▲(9.98% Upside)
TP ICAP's strong financial performance and attractive valuation are the primary strengths, supported by a positive corporate event in the form of a share buyback program. However, technical indicators suggest caution due to bearish momentum. Overall, the stock presents a balanced opportunity with solid financials and valuation, but technical trends warrant careful monitoring.

TP ICap (TCAP) vs. iShares MSCI United Kingdom ETF (EWC)

TP ICap Business Overview & Revenue Model

Company DescriptionTP ICap (TCAP) is a prominent interdealer broker, specializing in facilitating transactions across various financial markets, including fixed income, foreign exchange, commodities, and equity derivatives. The company operates primarily in the wholesale financial services sector, providing innovative trading solutions and market intelligence to institutional clients. Its core products and services include trade execution, market-making, and post-trade services, enabling clients to navigate complex markets efficiently.
How the Company Makes MoneyTP ICap generates revenue through a variety of key streams, primarily by charging commissions or fees for facilitating trades between buyers and sellers in the financial markets. The company earns a significant portion of its income from brokerage commissions on transactions executed through its platform, which can vary based on the volume and type of trades. Additionally, TCAP may receive fees for providing market data and analytics services, which offer clients insights into market trends and pricing. The firm also benefits from its relationships with major financial institutions, including banks and hedge funds, which rely on TCAP for liquidity and access to various financial instruments. Strategic partnerships and technological investments further enhance its service offerings, contributing to consistent revenue growth.

TP ICap Financial Statement Overview

Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

TP ICap Technical Analysis

Technical Analysis Sentiment
Positive
Last Price255.50
Price Trends
50DMA
252.54
Positive
100DMA
262.32
Negative
200DMA
261.93
Negative
Market Momentum
MACD
1.42
Negative
RSI
64.81
Neutral
STOCH
81.94
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TCAP, the sentiment is Positive. The current price of 255.5 is above the 20-day moving average (MA) of 252.20, above the 50-day MA of 252.54, and below the 200-day MA of 261.93, indicating a neutral trend. The MACD of 1.42 indicates Negative momentum. The RSI at 64.81 is Neutral, neither overbought nor oversold. The STOCH value of 81.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TCAP.

TP ICap Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
83
Outperform
£2.47B12.4742.26%4.70%1.09%4.88%
80
Outperform
£830.35M12.8115.04%4.64%-10.92%-24.05%
78
Outperform
£1.79B21.8630.28%0.34%17.44%-12.83%
78
Outperform
£4.42B12.2720.39%3.62%9.46%32.24%
74
Outperform
£1.83B11.038.74%6.36%5.77%81.14%
68
Neutral
£737.79M-7.71-9.28%-15.79%-211.91%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:TCAP
TP ICap
259.50
19.28
8.03%
GB:CBG
Close Brothers Group
515.50
280.50
119.36%
GB:ALPH
Alpha FX
4,240.00
1,962.01
86.13%
GB:CMCX
CMC Markets
296.50
54.73
22.64%
GB:IGG
IG Group Holdings
1,305.00
359.28
37.99%
GB:PLUS
Plus500
3,588.00
1,075.43
42.80%

TP ICap Corporate Events

Business Operations and StrategyFinancial Disclosures
TP ICAP Reports Revenue Growth Amidst Mixed Divisional Performance
Neutral
Nov 5, 2025

TP ICAP Group plc reported a 7% increase in group revenue for the first nine months of 2025, reaching £1,783 million, driven by strong performances in its Global Broking and Liquidnet divisions. However, the Energy & Commodities division saw a decline due to competition for broking talent, though a strong hiring pipeline is expected to yield benefits from 2026. The company remains focused on sustainable growth for its Parameta Solutions division and is considering a potential minority US listing. The Board is confident about meeting full-year market expectations for adjusted EBIT, with a significant portion of revenues and costs being USD-denominated.

Executive/Board Changes
TP ICAP’s Tracy Clarke to Join Inchcape plc Board
Neutral
Oct 2, 2025

TP ICAP Group plc announced that Tracy Clarke, a Non-executive Director and Remuneration Committee Chair, will join Inchcape plc as a Non-executive Director starting December 31, 2025. This appointment reflects TP ICAP’s commitment to fostering leadership and strategic partnerships, potentially enhancing its influence and operational reach within the industry.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 25, 2025

TP ICAP Group plc has announced the purchase of 133,220 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 aims to manage its capital structure effectively. Following this purchase, the company’s total issued ordinary share capital consists of 795,390,932 shares, with 50,801,575 shares held in treasury, impacting the total voting rights available to shareholders.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Positive
Sep 24, 2025

TP ICAP Group plc announced the repurchase of 389,382 of its own shares on the London Stock Exchange, to be held in treasury. This transaction is part of the company’s Share Buyback Programme, which could potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share and providing more flexibility in managing its capital structure.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Strategic Share Buyback
Positive
Sep 23, 2025

TP ICAP Group plc announced a share buyback transaction where it purchased 389,321 of its own shares to be held in treasury. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The transaction was conducted through Peel Hunt LLP, with the shares bought at a volume-weighted average price of 274.84 pence per share. Following this purchase, the total voting rights in the company stand at 745,111,959 shares, which stakeholders can use to assess their interests under regulatory guidelines.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 23, 2025

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.

Stock BuybackRegulatory Filings and Compliance
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 22, 2025

TP ICAP Group plc announced the purchase of 371,207 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 decisions regarding interest notifications under regulatory guidelines.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 22, 2025

TP ICAP Group plc has executed a share buyback program, purchasing 371,207 of its own shares to be held in treasury. The transaction was conducted through Peel Hunt LLP on the London Stock Exchange, with a volume-weighted average price of 274.72 pence per share. This move adjusts the company’s share capital and voting rights, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Share Buyback on London Stock Exchange
Positive
Sep 19, 2025

TP ICAP Group plc has announced the purchase of 369,539 of its own shares to be held in treasury, as part of its ongoing share buyback program. This transaction, executed on the London Stock Exchange, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares available in the market, thereby increasing the value of remaining shares.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 18, 2025

TP ICAP Group plc announced the purchase of 374,391 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 and voting rights, potentially influencing shareholder interests and market perceptions.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Strategic Share Buyback on LSE
Positive
Sep 17, 2025

TP ICAP Group plc has announced a share buyback transaction, purchasing 382,800 of its own shares on the London Stock Exchange to be held in treasury. This move is part of the company’s ongoing Share Buyback Programme, which aims to manage its capital structure effectively. The transaction details reveal a volume-weighted average price of 276.37 pence per share, reflecting the company’s strategic efforts to optimize shareholder value and maintain a balanced capital allocation. The buyback impacts the company’s issued share capital and voting rights, which are crucial for stakeholders monitoring their interests under the Disclosure Guidance and Transparency Rules.

Stock Buyback
TP ICAP Executes Share Buyback to Optimize Capital Structure
Neutral
Sep 16, 2025

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.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 15, 2025

TP ICAP Group plc announced the purchase of 380,056 of its own shares to be held in treasury, executed through Peel Hunt LLP on the London Stock Exchange. This move is part of a share buyback program, which impacts the company’s issued share capital and voting rights, potentially affecting shareholder calculations under the Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Share Buyback on London Stock Exchange
Positive
Sep 12, 2025

TP ICAP Group plc has repurchased 391,682 of its own shares to be held in treasury, as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP on the London Stock Exchange, reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Share Buyback to Optimize Capital Structure
Neutral
Sep 11, 2025

TP ICAP Group plc has announced a share buyback, purchasing 379,060 of its own shares to be held in treasury. This transaction, executed through Peel Hunt LLP on the London Stock Exchange, reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value. The move affects the company’s total voting rights, which now stand at 748,151,348 shares, and may influence shareholder calculations under the Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Strategic Share Buyback
Neutral
Sep 10, 2025

TP ICAP Group plc has executed a share buyback program, purchasing 380,222 of its own shares on the London Stock Exchange to be held in treasury. This transaction, carried out through Peel Hunt LLP, reflects the company’s strategic financial management, potentially impacting its market positioning and shareholder value by adjusting the total voting rights and share capital structure.

Stock Buyback
TP ICAP Executes Share Buyback on London Stock Exchange
Neutral
Sep 9, 2025

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.

Stock BuybackBusiness Operations and Strategy
TP ICAP Executes Share Buyback to Enhance Capital Structure
Positive
Sep 8, 2025

TP ICAP Group plc has executed a share buyback program, purchasing 394,788 of its own shares on the London Stock Exchange to be held in treasury. This transaction is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting a proactive approach to financial management and potentially impacting the company’s market positioning and stakeholder interests.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025