Intermediate Capital Group (LON:ICG) Reaches New 52-Week Low – Here’s What Happened

Intermediate Capital Group plc (LON:ICG) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 1,486 and last traded at GBX 1,491, with a volume of 41091102 shares traded. The stock had previously closed at GBX 1,516.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ICG shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Intermediate Capital Group in a report on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a GBX 2,250 target price on shares of Intermediate Capital Group in a report on Friday, January 16th. Finally, Citigroup lifted their target price 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. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,565.14.

Intermediate Capital Group Stock Performance

The company has a market cap of £4.30 billion, a PE ratio of 7.26 and a beta of 1.43. The company’s 50-day simple moving average is GBX 1,734.60 and its 200 day simple moving average is GBX 1,962.22.

Insider Activity

In other news, insider Matthew Lester bought 504 shares of Intermediate Capital Group 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.