Barclays Reiterates Overweight Rating for Intermediate Capital Group (LON:ICP)

Intermediate Capital Group (LON:ICPGet Rating)‘s stock had its “overweight” rating reissued by investment analysts at Barclays in a report issued on Friday, Marketbeat reports. They presently have a GBX 2,015 ($23.68) price objective on the stock. Barclays‘s price objective points to a potential upside of 66.46% from the stock’s current price.

Separately, Shore Capital reaffirmed a “hold” rating on shares of Intermediate Capital Group in a report on Thursday.

Intermediate Capital Group Stock Performance

Shares of ICP stock opened at GBX 1,210.50 ($14.22) on Friday. The stock’s 50-day moving average is GBX 1,095.15 and its two-hundred day moving average is GBX 1,309.61. The firm has a market cap of £3.52 billion and a price-to-earnings ratio of 657.88. Intermediate Capital Group has a 1 year low of GBX 937 ($11.01) and a 1 year high of GBX 2,304 ($27.07). The company has a debt-to-equity ratio of 93.34, a quick ratio of 1.59 and a current ratio of 1.88.

Insider Buying and Selling

In related news, insider Kathryn Purves purchased 10,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average price of GBX 974 ($11.45) per share, with a total value of £97,400 ($114,453.58). In other news, insider Kathryn Purves acquired 10,000 shares of Intermediate Capital Group stock in a transaction that occurred on Monday, October 3rd. The stock was purchased at an average price of GBX 974 ($11.45) per share, for a total transaction of £97,400 ($114,453.58). Also, insider Benoit Durteste acquired 30,000 shares of Intermediate Capital Group stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of GBX 988 ($11.61) per share, with a total value of £296,400 ($348,296.12).

About Intermediate Capital Group

(Get Rating)

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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