Intermediate Capital Group (LON:ICG) Insider David Bicarregui Purchases 30,000 Shares

Intermediate Capital Group plc (LON:ICG) insider David Bicarregui bought 30,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of GBX 1,493 per share, for a total transaction of £447,900.

Intermediate Capital Group Stock Performance

Shares of ICG opened at GBX 1,541.71 on Wednesday. The firm has a fifty day moving average of GBX 1,712.27 and a 200-day moving average of GBX 1,951.51. The company has a market cap of £4.48 billion, a price-to-earnings ratio of 7.57 and a beta of 1.43. Intermediate Capital Group plc has a 1 year low of GBX 1,424.88 and a 1 year high of GBX 2,340.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ICG shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,900 price target on shares of Intermediate Capital Group in a research note on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and set a GBX 2,250 price objective on shares of Intermediate Capital Group in a research report on Friday, January 16th. Finally, Citigroup increased their price objective on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the stock a “buy” rating in a report on Monday, January 5th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,565.14.

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.