Macquarie Raises Intermediate Capital Group (ICP) Price Target to GBX 1,170
Intermediate Capital Group (LON:ICP) had its price target hoisted by Macquarie from GBX 780 ($10.43) to GBX 1,170 ($15.64) in a research report sent to investors on Wednesday. The brokerage currently has a neutral rating on the stock.
ICP has been the subject of several other reports. JPMorgan Chase & Co. increased their target price on shares of Intermediate Capital Group from GBX 950 ($12.70) to GBX 1,100 ($14.71) and gave the stock an overweight rating in a report on Wednesday, November 15th. Canaccord Genuity increased their target price on shares of Intermediate Capital Group from GBX 1,000 ($13.37) to GBX 1,150 ($15.38) and gave the stock a buy rating in a report on Monday, November 20th. Shore Capital reaffirmed a sell rating on shares of Intermediate Capital Group in a report on Tuesday, November 14th. Jefferies Group reaffirmed a buy rating and set a GBX 1,023 ($13.68) price objective on shares of Intermediate Capital Group in a report on Thursday, September 28th. Finally, Numis Securities reaffirmed an add rating and set a GBX 967 ($12.93) price objective on shares of Intermediate Capital Group in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 1,030.78 ($13.78).
Shares of Intermediate Capital Group (LON:ICP) opened at GBX 1,178 ($15.75) on Wednesday. The stock has a market cap of $3,420.00 and a P/E ratio of 1,682.86. Intermediate Capital Group has a fifty-two week low of GBX 680 ($9.09) and a fifty-two week high of GBX 1,204 ($16.10).
Intermediate Capital Group (LON:ICP) last released its earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). The company had revenue of £285.10 million during the quarter. Intermediate Capital Group had a net margin of 32.73% and a return on equity of 15.76%.
The business also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 9 ($0.12) per share. This represents a yield of 0.86%. The ex-dividend date is Thursday, December 7th.
In other Intermediate Capital Group news, insider Philip Keller sold 130,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.46), for a total transaction of £1,309,100 ($1,750,367.70).
About Intermediate Capital Group
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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