In a report issued on November 12, Daniel Fannon from Jefferies reiterated a Buy rating on Gain Capital Holdings (GCAP), with a price target of $10. The company’s shares closed yesterday at $7.77.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 14.3% and a 74.5% success rate. Fannon covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Affiliated Managers, and AllianceBernstein.
Currently, the analyst consensus on Gain Capital Holdings is a Moderate Buy with an average price target of $8.83.
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Based on Gain Capital Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $12.31 million. In comparison, last year the company had a GAAP net loss of $1.85 million.
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GAIN Capital Holdings, Inc. engages in the provision of online trading services and solutions, specializing in over-the-counter and exchange-traded markets. It operates through the following segments: Retail, Institutional, Futures, Corporate and Other.
