Intermediate Capital Group (LON:ICG) Trading Up 1% – Time to Buy?

Shares of Intermediate Capital Group plc (LON:ICG) traded up 1% on Tuesday . The company traded as high as GBX 2,120 and last traded at GBX 2,120. 1,629,185 shares were traded during trading, a decline of 76% from the average session volume of 6,895,798 shares. The stock had previously closed at GBX 2,100.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ICG shares. Royal Bank Of Canada upped their price target on shares of Intermediate Capital Group from GBX 2,400 to GBX 2,470 and gave the company a “buy” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Intermediate Capital Group from GBX 2,649 to GBX 2,736 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,450 price target on shares of Intermediate Capital Group in a research report on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 2,531.20.

Intermediate Capital Group Price Performance

The business’s fifty day simple moving average is GBX 2,022.51 and its 200 day simple moving average is GBX 2,088.38. The stock has a market cap of £6.16 billion, a price-to-earnings ratio of 10.41 and a beta of 1.97.

Intermediate Capital Group (LON:ICG) last posted its quarterly earnings results on Tuesday, November 18th. The company reported GBX 103.70 earnings per share (EPS) for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. As a group, equities analysts forecast that Intermediate Capital Group plc will post 166.6666667 EPS for the current fiscal year.

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $124bn* 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. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.