JPMorgan Chase & Co. Increases Intermediate Capital Group (LON:ICG) Price Target to GBX 2,736

Intermediate Capital Group (LON:ICG) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from GBX 2,649 to GBX 2,736 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 33.99% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Berenberg Bank restated 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 objective on 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 2,578.67.

Intermediate Capital Group Price Performance

Shares of ICG stock opened at GBX 2,042 on Wednesday. Intermediate Capital Group has a 1 year low of GBX 1,539 and a 1 year high of GBX 2,468. The stock’s 50 day simple moving average is GBX 2,200.84 and its two-hundred day simple moving average is GBX 2,040.32. The company has a market cap of £5.93 billion, a PE ratio of 1,327.70 and a beta of 1.97.

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.