Intermediate Capital Group (LON:ICG) Given New GBX 2,290 Price Target at Citigroup

Intermediate Capital Group (LON:ICG) had its target price decreased by Citigroup from GBX 2,550 to GBX 2,290 in a report published on Tuesday morning,Digital Look reports. Citigroup currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 2,900 price target on shares of Intermediate Capital Group in a research note on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a GBX 2,250 price target on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,528.

Intermediate Capital Group Price Performance

Shares of ICG opened at GBX 1,724 on Tuesday. The stock has a market cap of £4.96 billion, a price-to-earnings ratio of 8.47 and a beta of 1.37. Intermediate Capital Group has a 12 month low of GBX 1,424.88 and a 12 month high of GBX 2,340. The company has a 50-day moving average price of GBX 1,617.85 and a two-hundred day moving average price of GBX 1,882.62.

Insider Activity at Intermediate Capital Group

In other news, insider David Bicarregui acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of GBX 1,493 per share, with a total value of £447,900. Also, insider Matthew Lester acquired 504 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of GBX 1,584 per share, with a total value of £7,983.36. Company insiders own 2.50% of the company’s stock.

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.