Intermediate Capital Group (LON:ICG) Trading Down 0.7% – What’s Next?

Intermediate Capital Group plc (LON:ICG)’s share price was down 0.7% during mid-day trading on Friday . The stock traded as low as GBX 2,138 ($28.88) and last traded at GBX 2,146 ($28.98). Approximately 106,397,797 shares changed hands during mid-day trading, an increase of 4,172% from the average daily volume of 2,490,298 shares. The stock had previously closed at GBX 2,162 ($29.20).

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ICG shares. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 price objective on shares of Intermediate Capital Group in a report on Wednesday, July 16th. Citigroup upped their target price on shares of Intermediate Capital Group from GBX 2,360 to GBX 2,400 and gave the company a “buy” rating in a research report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 2,500.

Intermediate Capital Group Price Performance

The firm has a market cap of £6.24 billion, a price-to-earnings ratio of 1,395.32 and a beta of 1.97. The business has a 50-day moving average of GBX 2,111.20 and a 200-day moving average of GBX 2,029.11.

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $123bn* 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.