The stock of Tullett Prebon Plc (LON:TLPR) hit a new 52-week high and has GBX 611.16 target or 52.00% above today’s GBX 402.08 share price. The 7 months bullish chart indicates low risk for the GBX 980.34M company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 611.16 price target is reached, the company will be worth GBX 509.78M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.64% or GBX 6.48 on November 8, hitting GBX 402.08. About 2.30M shares traded hands or 330.73% up from the average. Tullett Prebon Plc (LON:TLPR) has risen 18.34% since April 8, 2016 and is uptrending. It has outperformed by 16.38% the S&P500.
Tullett Prebon Plc (LON:TLPR) Ratings Coverage
Out of 11 analysts covering Tullett Prebon PLC (LON:TLPR), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. GBX 470 is the highest target while GBX 280 is the lowest. The GBX 396.40 average target is -1.41% below today’s (GBX 402.08) stock price. Tullett Prebon PLC has been the topic of 59 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, November 4 by Liberum Capital. The firm has “Add” rating given on Tuesday, July 28 by Numis Securities. The rating was maintained by Liberum Capital on Thursday, September 15 with “Buy”. The firm has “Underweight” rating by Barclays Capital given on Tuesday, November 3. Societe Generale maintained it with “Hold” rating and GBX 355 target price in Wednesday, August 3 report. The stock of Tullett Prebon Plc (LON:TLPR) has “Buy” rating given on Tuesday, February 16 by Liberum Capital. The stock has “Outperform” rating given by Macquarie Research on Thursday, July 21. The company was maintained on Monday, October 31 by Numis Securities. The firm has “Buy” rating given on Tuesday, March 1 by Liberum Capital. The firm has “Buy” rating by Liberum Capital given on Tuesday, August 2.
More news for Tullett Prebon Plc (LON:TLPR) were recently published by: Bloomberg.com, which released: “Tullett Prebon Increases Job Cuts at Brokerage to 70 People” on January 29, 2016. Wsj.com‘s article titled: “ICAP to Sell Brokering Unit to Tullett Prebon” and published on November 11, 2015 is yet another important article.
Tullett Prebon plc is a United Kingdom interdealer broker. The company has a market cap of 980.34 million GBP. The Firm acts as an intermediary in the wholesale over-the-counter and exchange traded financial and commodity markets, facilitating the trading activities of its clients, in particular commercial and investment banks. It has a 43.51 P/E ratio. It operates in the Europe and the Middle East; Americas, and Asia Pacific divisions.
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