TP ICAP Group (LON:TCAP) Reaches New 12-Month High – Here’s Why

Shares of TP ICAP Group PLC (LON:TCAP) reached a new 52-week high on Tuesday . The company traded as high as GBX 320.40 and last traded at GBX 319.40, with a volume of 12694959 shares traded. The stock had previously closed at GBX 314.80.

TP ICAP Group Stock Performance

The company has a quick ratio of 0.97, a current ratio of 30.33 and a debt-to-equity ratio of 49.55. The business has a 50 day simple moving average of GBX 278.85 and a two-hundred day simple moving average of GBX 262.70. The firm has a market cap of £2.36 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.49 and a beta of 0.28.

TP ICAP Group (LON:TCAP) last released its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share for the quarter. TP ICAP Group had a return on equity of 9.39% and a net margin of 7.69%. As a group, equities research analysts forecast that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group announced that its board has authorized a share repurchase program on Thursday, March 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About TP ICAP Group