Could Tullett Prebon Plc Change Direction After Reaching 52-Week High?

 Could Tullett Prebon Plc Change Direction After Reaching 52 Week High?

The stock of Tullett Prebon Plc (LON:TLPR) hit a new 52-week high and has GBX 466.89 target or 5.00% above today’s GBX 444.66 share price. The 6 months bullish chart indicates low risk for the GBX 1.09 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 466.89 price target is reached, the company will be worth GBX 54.50 million 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 1.29% or GBX 5.66 on November 30, hitting GBX 444.66. About 1.84 million shares traded hands or 62.83% up from the average. Tullett Prebon Plc (LON:TLPR) has risen 29.61% since May 2, 2016 and is uptrending. It has outperformed by 24.39% 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. Tullett Prebon PLC has been the topic of 60 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, August 2 by Peel Hunt. The rating was maintained by Numis Securities with “Buy” on Thursday, May 12. The rating was maintained by Barclays Capital with “Underweight” on Monday, February 1. The stock of Tullett Prebon Plc (LON:TLPR) has “Equalwt/In-Line” rating given on Friday, November 6 by Morgan Stanley. The firm has “Hold” rating given on Friday, March 4 by Liberum Capital. As per Wednesday, November 30, the company rating was maintained by Barclays Capital. The stock has “Underweight” rating given by Barclays Capital on Tuesday, November 3. On Thursday, November 19 the stock rating was maintained by Peel Hunt with “Hold”. The firm has “Buy” rating given on Monday, October 31 by Liberum Capital. On Wednesday, August 12 the stock rating was maintained by Morgan Stanley with “Equal Weight”.

More important recent Tullett Prebon Plc (LON:TLPR) news were published by: Wsj.com which released: “ICAP to Sell Brokering Unit to Tullett Prebon” on November 11, 2015, also Bloomberg.com published article titled: “CMA Approves Tullett Prebon’s Bid for ICAP Voice Broking Unit”, Fool.Co.Uk published: “ICAP plc’s sales surge by 11% ahead of Tullett Prebon plc deal” on November 16, 2016. More interesting news about Tullett Prebon Plc (LON:TLPR) was released by: Bloomberg.com and their article: “Tullett Prebon May Purchase ICAP’s Voice-Broking Business” with publication date: November 06, 2015.

Tullett Prebon plc is a United Kingdom interdealer broker. The company has a market cap of 1.09 billion 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 48.12 P/E ratio. It operates in the Europe and the Middle East; Americas, and Asia Pacific divisions.

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