TP ICAP Group (LON:TCAP – Get Free Report) released its earnings results on Wednesday. The company reported GBX 31.80 ($0.41) earnings per share (EPS) for the quarter, Digital Look Earnings reports. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%.
TP ICAP Group Price Performance
Shares of TP ICAP Group stock opened at GBX 257 ($3.33) on Friday. TP ICAP Group has a 52-week low of GBX 192 ($2.49) and a 52-week high of GBX 277.50 ($3.59). The company has a market capitalization of £1.94 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.49 and a beta of 0.65. The company has a 50 day moving average of GBX 264.91 and a 200 day moving average of GBX 252.16.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research note on Tuesday.
TP ICAP Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
About TP ICAP Group
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