Intermediate Capital Group (LON:ICP) Sets New 52-Week Low at $1,226.50

Intermediate Capital Group plc (LON:ICPGet Rating)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 1,226.50 ($14.82) and last traded at GBX 1,236.50 ($14.94), with a volume of 22870 shares. The stock had previously closed at GBX 1,245.50 ($15.05).

Analysts Set New Price Targets

Several brokerages have weighed in on ICP. Barclays reiterated an “overweight” rating and issued a GBX 2,545 ($30.75) price objective on shares of Intermediate Capital Group in a research note on Friday, July 22nd. Royal Bank of Canada dropped their target price on shares of Intermediate Capital Group from GBX 2,885 ($34.86) to GBX 2,700 ($32.62) and set an “overweight” rating for the company in a research report on Monday, May 30th. Finally, Shore Capital restated a “hold” rating on shares of Intermediate Capital Group in a research report on Thursday, May 26th.

Intermediate Capital Group Stock Down 1.1 %

The firm’s 50-day moving average price is GBX 1,409.01 and its 200 day moving average price is GBX 1,496.58. The company has a market capitalization of £3.58 billion and a price-to-earnings ratio of 676.90. The company has a current ratio of 1.88, a quick ratio of 1.59 and a debt-to-equity ratio of 93.34.

Intermediate Capital Group Company Profile

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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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