Intermediate Capital Group (LON:ICG) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 2,800 target price on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 58.73% from the stock’s current price.

Several other equities analysts also recently commented on the company. Jefferies Financial Group cut their target price on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Citigroup dropped their price target on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,150 price target on shares of Intermediate Capital Group in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,499.50.

Intermediate Capital Group Price Performance

Intermediate Capital Group stock opened at GBX 1,764 on Wednesday. The company has a market capitalization of £5.04 billion, a PE ratio of 8.66 and a beta of 1.40. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340. The business has a 50 day simple moving average of GBX 1,751.80 and a 200 day simple moving average of GBX 1,835.56.

Intermediate Capital Group (LON:ICG) last posted its earnings results on Thursday, May 21st. The company reported GBX 166.80 EPS for the quarter. The business had revenue of GBX 103.60 billion during the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%. Equities analysts anticipate that Intermediate Capital Group will post 166.6666667 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intermediate Capital Group news, insider David Bicarregui purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of GBX 1,493 per share, with a total value of £447,900. 2.50% of the stock is owned by corporate insiders.

Intermediate Capital Group Company Profile

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.