TP ICAP Group PLC 26.5% potential upside indicated by JP Morgan

TP ICAP Group PLC with ticker (LON:TCAP) now has a potential upside of 26.5% according to JP Morgan.



JP Morgan set a target price of 210 GBX for the company, which when compared to the TP ICAP Group PLC share price of 154 GBX at opening today (23/08/2022) indicates a potential upside of 26.5%. Trading has ranged between 1 (52 week low) and 159 (52 week high) with an average of 1,695,976 shares exchanging hands daily. The market capitalisation at the time of writing is £1,250,043,059.

TP ICAP Group plc is a provider of market infrastructure. The Company’s business divisions include Global Broking, Energy & Commodities, Agency Execution and Parameta Solutions. Global Broking division covers rates, credit, equities, foreign exchange and money markets, and emerging markets. Energy & Commodities division operates through the Tullett Prebon, ICAP and PVM brands across various markets, including oil, gas, power, renewables, ferrous metals, base metals, precious metals, digital assets and soft commodities. Energy & Commodities division serves regional banks, corporates, hedge funds and trading companies. The Agency Execution division businesses covers a range of asset classes, providing a sophisticated client base of hedge funds, asset managers and asset owners with agency execution services under Liquidnet and Coex Partner brands. The Parameta Solutions division provides data products that facilitate trading and is the provider of over the counter (OTC) pricing data.