Intermediate Capital Group plc (ICP) Given Consensus Recommendation of “Buy” by Brokerages
Intermediate Capital Group plc (LON:ICP) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,291.83 ($16.88).
Several brokerages have issued reports on ICP. Numis Securities restated a “buy” rating and issued a GBX 1,400 ($18.29) price target on shares of Intermediate Capital Group in a research report on Monday, October 8th. Shore Capital restated an “under review” rating on shares of Intermediate Capital Group in a research report on Thursday, November 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,450 ($18.95) price target on shares of Intermediate Capital Group in a research report on Monday, November 19th.
ICP stock traded down GBX 9 ($0.12) during trading on Friday, reaching GBX 1,003 ($13.11). 497,013 shares of the company were exchanged, compared to its average volume of 727,416. Intermediate Capital Group has a twelve month low of GBX 694.50 ($9.07) and a twelve month high of GBX 1,204 ($15.73).
The firm also recently declared a dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 6th will be given a GBX 10 ($0.13) dividend. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 6th.
In other news, insider Kevin A. H. Parry acquired 9,876 shares of Intermediate Capital Group stock in a transaction dated Friday, September 7th. The shares were bought at an average cost of GBX 1,012 ($13.22) per share, with a total value of £99,945.12 ($130,596.00). Also, insider Philip Keller sold 102,972 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of GBX 1,054 ($13.77), for a total transaction of £1,085,324.88 ($1,418,169.19).
About Intermediate Capital Group
Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.
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