Intermediate Capital Group plc (LON:ICG – Get Free Report) traded down 0.4% during trading on Thursday . The stock traded as low as GBX 2,058 ($27.06) and last traded at GBX 2,068 ($27.19). 714,657 shares changed hands during trading, a decline of 22% from the average session volume of 916,638 shares. The stock had previously closed at GBX 2,076 ($27.30).
Analysts Set New Price Targets
A number of research firms have recently weighed in on ICG. Citigroup restated a “top pick” rating on shares of Intermediate Capital Group in a research note on Friday, June 28th. JPMorgan Chase & Co. cut their target price on shares of Intermediate Capital Group from GBX 2,798 ($36.79) to GBX 2,703 ($35.54) and set an “overweight” rating on the stock in a research report on Thursday, June 13th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 3,036 ($39.92) price target on shares of Intermediate Capital Group in a report on Monday, May 20th.
Check Out Our Latest Stock Analysis on ICG
Intermediate Capital Group Stock Performance
About Intermediate Capital Group
We are a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications. We utilize a fabless business model and specialize in the front-end and back-end of IC design, which are the major components of the IC product development chain.
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