TP ICAP Group (LON:TCAP – Get Free Report) announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
TP ICAP Group Stock Performance
Shares of LON TCAP opened at GBX 263 ($3.41) on Thursday. TP ICAP Group has a fifty-two week low of GBX 192 ($2.49) and a fifty-two week high of GBX 277.50 ($3.60). The firm’s 50-day simple moving average is GBX 264.98 and its 200 day simple moving average is GBX 252.13. The stock has a market cap of £1.98 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP – Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. On average, sell-side analysts predict that TP ICAP Group will post 31.0273973 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on TP ICAP Group
About TP ICAP Group
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