Intermediate Capital Group plc (LON:ICG) Receives GBX 2,508.25 Average Price Target from Analysts

Intermediate Capital Group plc (LON:ICG) has been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 2,508.25.

Several brokerages recently weighed in on ICG. Jefferies Financial Group cut their price target on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a research note on Wednesday, May 13th. UBS Group restated a “neutral” rating and issued a GBX 2,150 price target on shares of Intermediate Capital Group in a research note on Monday, May 18th. Citigroup cut 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 research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,800 price target on shares of Intermediate Capital Group in a research note on Wednesday, June 3rd. Finally, Berenberg Bank cut their price target on Intermediate Capital Group from GBX 2,800 to GBX 2,670 and set a “buy” rating for the company in a research note on Thursday, June 4th.

Insider Activity

In related news, insider David Bicarregui bought 30,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of GBX 1,493 per share, for a total transaction of £447,900. 2.53% of the stock is currently owned by company insiders.

Intermediate Capital Group Stock Performance

ICG stock opened at GBX 1,772.20 on Monday. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340. The firm has a market cap of £5.13 billion, a PE ratio of 10.81 and a beta of 1.41. The firm’s fifty day moving average is GBX 1,801.64 and its 200 day moving average is GBX 1,825.01.

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

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $126bn* 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.