Shares of Intermediate Capital Group plc (LON:ICP) hit a new 52-week high during trading on Wednesday after J P Morgan Chase & Co raised their price target on the stock from GBX 1,100 to GBX 1,210. J P Morgan Chase & Co currently has an overweight rating on the stock. Intermediate Capital Group traded as high as GBX 1,106 ($14.89) and last traded at GBX 1,100 ($14.80), with a volume of 2736369 shares trading hands. The stock had previously closed at GBX 1,100 ($14.80).

A number of other analysts have also commented on the company. Liberum Capital reissued a “buy” rating and set a GBX 1,010 ($13.59) price target on shares of Intermediate Capital Group in a research note on Friday, December 8th. Canaccord Genuity raised their price objective on Intermediate Capital Group from GBX 1,000 ($13.46) to GBX 1,150 ($15.48) and gave the stock a “buy” rating in a research report on Monday, November 20th. Jefferies Group raised their price objective on Intermediate Capital Group from GBX 1,023 ($13.77) to GBX 1,203 ($16.19) and gave the stock a “buy” rating in a research report on Monday, November 20th. restated an “add” rating and set a GBX 967 ($13.01) price objective on shares of Intermediate Capital Group in a research report on Tuesday, November 14th. Finally, Numis Securities restated an “add” rating and set a GBX 967 ($13.01) price objective on shares of Intermediate Capital Group in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Intermediate Capital Group has an average rating of “Hold” and a consensus price target of GBX 987.44 ($13.29).

In other news, insider Peter J. Gibbs bought 30,000 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of GBX 842 ($11.33) per share, for a total transaction of £252,600 ($339,973.08). Also, insider Philip Keller sold 130,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.55), for a total value of £1,309,100 ($1,761,911.17).

Intermediate Capital Group (LON:ICP) last released its quarterly earnings data on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). Intermediate Capital Group had a return on equity of 19.31% and a net margin of 33.29%. The company had revenue of £285.10 million for the quarter.

The firm also recently announced a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 7th will be paid a GBX 9 ($0.12) dividend. The ex-dividend date is Thursday, December 7th. This represents a yield of 0.86%.

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About Intermediate Capital Group

Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.

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