Intermediate Capital Group plc (ICP) Issues Earnings Results, Beats Estimates By $3.50 EPS
Intermediate Capital Group plc (LON:ICP) posted its quarterly earnings results on Tuesday. The company reported GBX 28.30 ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 24.80 ($0.33) by GBX 3.50 ($0.05), Digital Look Earnings reports. Intermediate Capital Group plc had a return on equity of 19.31% and a net margin of 33.29%. The business had revenue of GBX 2,851 billion for the quarter.
Shares of Intermediate Capital Group plc (LON:ICP) opened at GBX 1,002.98 ($13.19) on Thursday. Intermediate Capital Group plc has a twelve month low of GBX 617 ($8.12) and a twelve month high of GBX 1,011 ($13.30).
A number of research analysts recently weighed in on ICP shares. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 1,023 ($13.46) price target on shares of Intermediate Capital Group plc in a research note on Thursday, September 28th. Shore Capital reaffirmed a “sell” rating on shares of Intermediate Capital Group plc in a research note on Tuesday. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 967 ($12.72) price target on shares of Intermediate Capital Group plc in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,010 ($13.28) price target on shares of Intermediate Capital Group plc in a research note on Tuesday. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 950 ($12.50) price target (up from GBX 881 ($11.59)) on shares of Intermediate Capital Group plc in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Intermediate Capital Group plc presently has an average rating of “Hold” and an average target price of GBX 930.22 ($12.23).
In related news, insider Peter J. Gibbs acquired 30,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of GBX 842 ($11.07) per share, with a total value of £252,600 ($332,237.27).
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About Intermediate Capital Group plc
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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