Jefferies Financial Group Issues Pessimistic Forecast for Intermediate Capital Group (LON:ICG) Stock Price

Intermediate Capital Group (LON:ICG) had its price target reduced by stock analysts at Jefferies Financial Group from GBX 2,900 to GBX 2,500 in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 35.21% from the company’s current price.

ICG has been the subject of a number of other research reports. Citigroup lowered their target price on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a research note on Tuesday, April 14th. UBS Group reissued a “neutral” rating and set a GBX 2,250 price objective on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Intermediate Capital Group has an average rating of “Moderate Buy” and an average price target of GBX 2,470.86.

Intermediate Capital Group Stock Down 0.3%

Shares of ICG stock opened at GBX 1,849 on Wednesday. The business has a 50-day moving average price of GBX 1,671.67 and a two-hundred day moving average price of GBX 1,845.97. Intermediate Capital Group has a 12-month low of GBX 1,424.88 and a 12-month high of GBX 2,340. The firm has a market cap of £5.29 billion, a P/E ratio of 9.08 and a beta of 1.40.

Insiders Place Their Bets

In other news, insider David Bicarregui acquired 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of GBX 1,493 per share, with a total value of £447,900. Also, insider Matthew Lester bought 504 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of GBX 1,584 per share, for a total transaction of £7,983.36. 2.50% of the stock is currently owned by insiders.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.