Citigroup Inc. cut shares of ICAP plc (LON:IAP) from a buy rating to a neutral rating in a research note issued to investors on Wednesday. Citigroup Inc. currently has GBX 490 ($6.40) price target on the stock.
IAP has been the topic of several other reports. Bank of America Corp. upgraded ICAP plc to a buy rating and set a GBX 500 ($6.53) target price on the stock in a report on Tuesday, June 21st. Liberum Capital restated a buy rating and set a GBX 506 ($6.60) target price on shares of ICAP plc in a report on Tuesday, July 5th. Barclays PLC restated an overweight rating and set a GBX 540 ($7.05) target price on shares of ICAP plc in a report on Thursday, September 15th. BNP Paribas restated a neutral rating and set a GBX 475 ($6.20) target price on shares of ICAP plc in a report on Monday, June 13th. Finally, Credit Suisse Group AG restated a neutral rating and set a GBX 450 ($5.87) target price on shares of ICAP plc in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. ICAP plc has a consensus rating of Hold and an average target price of GBX 480.33 ($6.27).
ICAP plc (LON:IAP) opened at 469.00 on Wednesday. The company’s market cap is GBX 3.03 billion. The firm’s 50-day moving average price is GBX 477.95 and its 200-day moving average price is GBX 453.55. ICAP plc has a 12-month low of GBX 364.30 and a 12-month high of GBX 517.50.
In other news, insider Gregson,Charles Henry purchased 4,184 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were purchased at an average cost of GBX 462 ($6.03) per share, for a total transaction of £19,330.08 ($25,231.80).
ICAP plc Company Profile
ICAP plc (ICAP) is an operator and provider of post trade risk mitigation and information services for wholesale market participants throughout the trade life cycle. The Company’s segments are Global Broking, Electronic Markets, and Post Trade Risk and Information. The Company’s brokers locate and identify potential trading interest and in so doing create transparency and liquidity, and facilitate the price discovery process.
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