Goldbug 100 - ICAP (LSE: IAP.L) 476.1p +7.2% Questor (Telegraph) says BUY

The previous rating has been hold, but trading on a March 2011 earnings multiple of 11.4 times, falling to 10.1 in 2012, the shares are once again a buy after recent weakness says the Telegraph´s Questor on Wednesday of this week.

The shares have fallen about 20pc since their peak in January, but last year's numbers were good. This has prompted Credit Suisse to issue a double upgrade on the shares from "underperform" to "outperform".

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IAP.L

8:42AM

487.000000486.90

6.500000 6.40

Icap Plc
2 Broadgate
London, EC2M 7UR
United Kingdom - Map
Phone: 44 20 7000 5000
Fax: 44 20 7000 5975
Website: http://www.icap.com

Business Summary

ICAP plc, together with its subsidiaries, operates as the voice and electronic interdealer broker. The company provides various intermediary broking services to trading professionals in the wholesale over-the-counter (OTC) markets. It offers various OTC financial products and services in commodities, foreign exchange, interest rates, credit, and equity markets, as well as data, research, and indices. The company’s electronic broking and post-trade platforms provide global market information and research, such as real-time, end of day, and historical market data for professionals in the international financial markets. It also offers financial information to third parties, as well as provides ship broking services. The company serves investment and commercial banks. It operates primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company is headquartered in London, the United Kingdom.