TP Icap Group (TCAP)

Sector:

Financials

Index:

FTSE 250

206.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 227.50
  • 52 Week Low: 141.00
  • Currency: UK Pounds
  • Shares Issued: 772.27m
  • Volume: 395,637
  • Market Cap: £1,594.74m

TP ICAP rallies as Barclays initiates coverage at 'overweight'

By Michele Maatouk

Date: Thursday 18 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Barclays initiated coverage of TP ICAP shares at 'overweight' on Thursday, with a 440p price target, as it argued a shifting revenue mix will support earnings growth.
It said the interdealer broker - the "market leader in OTC derivatives broking" - was well positioned to capitalise on the structural growth of OTC derivatives and the growing importance of proprietary data.

Barclays expects growth in all divisions, with a FY19-22 estimated revenue compound annual growth rate of 13% for the higher-margin data & analytics segment, versus 1.5% for the global broking division. This will underpin the group's operating margin expansion from 15% in FY19 to 17% by 2022, it said.

At 1320 BST, the shares were up 5.8% at 357.53p

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TP Icap Group Market Data

Currency UK Pounds
Share Price 206.50p
Change Today -4.50p
% Change -2.13 %
52 Week High 227.50
52 Week Low 141.00
Volume 395,637
Shares Issued 772.27m
Market Cap £1,594.74m

TP Icap Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.98% above the market average87.98% above the market average87.98% above the market average87.98% above the market average87.98% above the market average
53.70% above the sector average53.70% above the sector average53.70% above the sector average53.70% above the sector average53.70% above the sector average
Price Trend
80.66% above the market average80.66% above the market average80.66% above the market average80.66% above the market average80.66% above the market average
70.43% above the sector average70.43% above the sector average70.43% above the sector average70.43% above the sector average70.43% above the sector average
Income
96.73% above the market average96.73% above the market average96.73% above the market average96.73% above the market average96.73% above the market average
91.04% above the sector average91.04% above the sector average91.04% above the sector average91.04% above the sector average91.04% above the sector average
Growth
4.93% above the market average4.93% above the market average4.93% above the market average4.93% above the market average4.93% above the market average
26.61% above the sector average26.61% above the sector average26.61% above the sector average26.61% above the sector average26.61% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TP Icap Group Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 28-Sep-23
Paid 24-May-24 03-Nov-23
Amount 10.00p 4.80p

Trades for 28-May-2024

Time Volume / Share Price
16:22 1,729 @ 206.00p
16:21 75 @ 206.00p
16:20 882 @ 206.74p
16:20 543 @ 206.50p
16:20 779 @ 206.50p

TP Icap Group Key Personnel

CEO Nicolas Breteau
CFO Robin Stewart
Chair Richard Berliand

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