Merrill Lynch Initiates a Buy Rating on Gain Capital Holdings (GCAP)
Gain Capital Holdings (GCAP) received a Buy rating and a $7 price target from Merrill Lynch analyst Raj Sharma yesterday. The company’s shares closed last Monday at $5.78.
Gain Capital Holdings has an analyst consensus of Strong Buy, with a price target consensus of $6.08, which is a 5.2% upside from current levels. In a report issued on September 10, Sandler O’Neill also maintained a Buy rating on the stock with a $5.25 price target.
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The company has a one-year high of $7.89 and a one-year low of $3.75. Currently, Gain Capital Holdings has an average volume of 308.5K.
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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 and Futures.