Intermediate Capital Group plc (LON:ICG) Receives Average Rating of “Moderate Buy” from Brokerages

Intermediate Capital Group plc (LON:ICG) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,528.

A number of brokerages have weighed in on ICG. UBS Group reaffirmed a “neutral” rating and set a GBX 2,250 price target on shares of Intermediate Capital Group in a research report on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,900 price objective on shares of Intermediate Capital Group in a research report on Thursday, January 22nd. Finally, Citigroup dropped their price objective on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a research note on Tuesday, April 14th.

Intermediate Capital Group Stock Performance

Intermediate Capital Group stock opened at GBX 1,871 on Friday. The firm has a market cap of £5.39 billion, a P/E ratio of 9.19 and a beta of 1.37. Intermediate Capital Group has a 52 week low of GBX 1,424.88 and a 52 week high of GBX 2,340. The business’s fifty day moving average is GBX 1,627.49 and its two-hundred day moving average is GBX 1,876.34.

Insider Buying and Selling at Intermediate Capital Group

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

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.