Intermediate Capital Group (LON:ICG) Trading Down 0.4% – Here’s What Happened

Intermediate Capital Group plc (LON:ICG) was down 0.4% during mid-day trading on Tuesday . The stock traded as low as GBX 2,222 ($29.88) and last traded at GBX 2,226 ($29.93). Approximately 958,909 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 2,343,742 shares. The stock had previously closed at GBX 2,236 ($30.07).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 price objective on shares of Intermediate Capital Group in a research report on Wednesday, July 16th. Citigroup upped their price target on Intermediate Capital Group from GBX 2,360 to GBX 2,400 and gave the company a “buy” rating in a report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 2,500.

Intermediate Capital Group Trading Down 0.4%

The firm has a market cap of £6.47 billion, a price-to-earnings ratio of 1,447.33 and a beta of 1.97. The company has a 50 day moving average of GBX 2,192.36 and a 200 day moving average of GBX 2,029.60.

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.