Berenberg Bank Reiterates “Buy” Rating for Intermediate Capital Group (LON:ICG)

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued on Wednesday, MarketBeat reports. They presently have a GBX 2,600 ($34.91) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 23.46% from the company’s previous close.

Separately, Citigroup boosted their price objective on Intermediate Capital Group from GBX 2,360 ($31.69) to GBX 2,400 ($32.23) and gave the stock a “buy” rating in a research note on Thursday.

Intermediate Capital Group Stock Up 3.0%

Shares of ICG stock opened at GBX 2,106 ($28.28) on Wednesday. Intermediate Capital Group has a fifty-two week low of GBX 1,539 ($20.67) and a fifty-two week high of GBX 2,468 ($33.14). The firm’s 50 day moving average price is GBX 1,993.97 and its two-hundred day moving average price is GBX 2,043.80. The stock has a market cap of £5.94 billion, a price-to-earnings ratio of 13.15 and a beta of 1.97.

Intermediate Capital Group (LON:ICG) last posted its earnings results on Wednesday, May 21st. The company reported GBX 157.10 ($2.11) earnings per share for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. On average, equities analysts forecast that Intermediate Capital Group will post 166.6666667 EPS for the current fiscal year.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $112bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.