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Jefferies Starts Gain Capital Holdings (GCAP) at Buy

January 27, 2014 6:41 AM EST Send to a Friend
Get Alerts GCAP Hot Sheet
Price: $6.08 --0%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 7 | New: 11
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Jefferies initiates coverage on Gain Capital Holdings (NYSE: GCAP) with a Buy. PT $11.00.

"As a consolidator in a highly fragmented market, we believe GAIN’s increasing scale and exposure to international markets with favorable growth characteristics will drive growth in the coming periods," analyst Daniel T. Fannon said. "On a longer term basis, higher global interest rates should benefit both currency volatility and net interest revenue."

For an analyst ratings summary and ratings history on Gain Capital Holdings click here. For more ratings news on Gain Capital Holdings click here.

Shares of Gain Capital Holdings closed at $8.50 yesterday.




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