Intermediate Capital Group (LON:ICG) Shares Up 1.5% – What’s Next?

Intermediate Capital Group plc (LON:ICG)’s share price traded up 1.5% on Tuesday . The company traded as high as GBX 1,696 and last traded at GBX 1,677. 715,741 shares were traded during trading, a decline of 94% from the average session volume of 11,708,785 shares. The stock had previously closed at GBX 1,652.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ICG. Citigroup lifted their price objective on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a “buy” rating in a research report on Monday, January 5th. UBS Group restated a “neutral” rating and issued a GBX 2,250 price target on shares of Intermediate Capital Group in a report on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,900 price objective on shares of Intermediate Capital Group in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of Intermediate Capital Group from GBX 2,400 to GBX 2,470 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 2,450 target price on shares of Intermediate Capital Group in a report on Wednesday, November 19th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,565.14.

Intermediate Capital Group Stock Up 1.1%

The company has a 50 day simple moving average of GBX 1,905.48 and a 200 day simple moving average of GBX 2,035.82. The company has a market capitalization of £4.93 billion, a price-to-earnings ratio of 8.33 and a beta of 1.97.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $127bn* 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.