Jefferies Group LLC Reaffirms Buy Rating for Intermediate Capital Group plc (ICP)
Jefferies Group LLC reiterated their buy rating on shares of Intermediate Capital Group plc (LON:ICP) in a report released on Thursday, MarketBeat reports. They currently have a GBX 1,023 ($13.76) price objective on the stock.
Several other analysts have also recently issued reports on the company. Canaccord Genuity reaffirmed a buy rating and set a GBX 925 ($12.44) target price on shares of Intermediate Capital Group plc in a research report on Tuesday, June 20th. Liberum Capital reaffirmed a buy rating on shares of Intermediate Capital Group plc in a research report on Thursday, June 1st. Numis Securities Ltd raised Intermediate Capital Group plc to an add rating and set a GBX 967 ($13.00) target price on the stock in a research report on Wednesday, September 20th. Shore Capital cut Intermediate Capital Group plc to a sell rating and increased their target price for the company from GBX 665 ($8.94) to GBX 750 ($10.09) in a research report on Wednesday, June 7th. Finally, Macquarie reaffirmed a neutral rating and set a GBX 780 ($10.49) target price on shares of Intermediate Capital Group plc in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Intermediate Capital Group plc has an average rating of Buy and an average target price of GBX 867.13 ($11.66).
Intermediate Capital Group plc (LON ICP) opened at 936.00 on Thursday. The stock’s market cap is GBX 2.63 billion. Intermediate Capital Group plc has a 52 week low of GBX 565.50 and a 52 week high of GBX 945.00. The firm’s 50-day moving average price is GBX 884.99 and its 200-day moving average price is GBX 826.96.
In other Intermediate Capital Group plc news, insider Peter J. Gibbs acquired 30,000 shares of the stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of GBX 842 ($11.32) per share, with a total value of £252,600 ($339,698.76). Also, insider Michael (Rusty) Nelligan acquired 20,528 shares of the stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of GBX 906 ($12.18) per share, with a total value of £185,983.68 ($250,112.53). Insiders bought a total of 55,606 shares of company stock valued at $48,443,802 in the last three months.
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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