Intermediate Capital Group (LON:ICG) Insider David Bicarregui Buys 30,000 Shares of Stock

Intermediate Capital Group plc (LON:ICG) insider David Bicarregui bought 30,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of GBX 1,493 per share, with a total value of £447,900.

Intermediate Capital Group Stock Up 3.4%

Shares of ICG opened at GBX 1,537 on Thursday. The business’s 50-day moving average price is GBX 1,703.55 and its 200-day moving average price is GBX 1,948.61. Intermediate Capital Group plc has a twelve month low of GBX 1,424.88 and a twelve month high of GBX 2,340. The stock has a market cap of £4.47 billion, a PE ratio of 7.55 and a beta of 1.43.

Analyst Ratings Changes

ICG has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a “buy” rating in a research note on Monday, January 5th. UBS Group reiterated a “neutral” rating and issued a GBX 2,250 target price on shares of Intermediate Capital Group in a research note on Friday, January 16th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,900 price target on shares of Intermediate Capital Group in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Intermediate Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,565.14.

Intermediate Capital Group Company Profile

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.