November 30, 2016 - By Ruchi Gupta
London: In an analyst report revealed to clients on Wednesday, 30 November, Barclays Capital maintained their Overweight rating on shares of ICAP PLC (LON:IAP). They currently have a GBX 550.00 PT on the company. Barclays Capital’s target indicates a potential upside of 13.18% from the company’s current price.
Out of 12 analysts covering ICAP PLC (LON:IAP), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. GBX 590 is the highest target while GBX 420 is the lowest. The GBX 493.09 average target is 1.06% above today’s (GBX 487.9) stock price. ICAP PLC has been the topic of 60 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Liberum Capital maintained the stock with “Sell” rating in Monday, September 7 report. Bank of America upgraded the shares of IAP in a report on Tuesday, June 21 to “Buy” rating. The stock of ICAP plc (LON:IAP) has “Hold” rating given on Thursday, November 5 by Numis Securities. Liberum Capital upgraded ICAP plc (LON:IAP) rating on Friday, November 13. Liberum Capital has “Hold” rating and GBX 530 price target. Liberum Capital maintained the shares of IAP in a report on Thursday, July 14 with “Buy” rating. The rating was downgraded by Citigroup to “Neutral” on Wednesday, September 28. As per Wednesday, January 27, the company rating was upgraded by Credit Suisse. Barclays Capital maintained the stock with “Overweight” rating in Thursday, September 8 report. The firm has “Outperform” rating by BNP Paribas given on Tuesday, February 23. The firm has “Neutral” rating by Citigroup given on Thursday, November 3.
About 203,875 shares traded hands. ICAP plc (LON:IAP) has risen 4.58% since May 3, 2016 and is uptrending. It has underperformed by 0.64% the S&P500.
ICAP plc is a markets, technology and risk solutions company. The company has a market cap of 3.18 billion GBP. The Firm provides trade execution platforms and technology workflow/risk mitigation solutions to the global financial markets. It has a 75.35 P/E ratio. The Company’s divisions include Electronic Markets, Post Trade Risk and Information, and Global Broking.
More important recent ICAP plc (LON:IAP) news were published by: Nasdaq.com which released: “ICAP Plc Acquires Abide Financial – Quick Facts” on October 13, 2016, also Bloomberg.com published article titled: “ICAP’s Spencer Reboots Market Stalwart With Bet on Digital”, Bloomberg.com published: “ICAP Plans Exit From Voice Broking to Complete Deal With Tullett” on June 21, 2016. More interesting news about ICAP plc (LON:IAP) was released by: Bloomberg.com and their article: “ICAP to Become NEX Group to Start Life After Voice Broking” with publication date: May 16, 2016.
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By Ruchi Gupta