Intermediate Capital Group plc (LON:ICG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Intermediate Capital Group plc (LON:ICG) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,565.14.

Several research analysts have recently weighed in on the stock. UBS Group restated a “neutral” rating and set a GBX 2,250 price objective on shares of Intermediate Capital Group in a research note on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,900 target price on shares of Intermediate Capital Group in a research note on Thursday, January 22nd. Finally, Citigroup lifted their price target on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the stock a “buy” rating in a report on Monday, January 5th.

Insider Activity at Intermediate Capital Group

In other Intermediate Capital Group news, insider Matthew Lester bought 504 shares of Intermediate Capital Group stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of GBX 1,584 per share, for a total transaction of £7,983.36. Corporate insiders own 2.50% of the company’s stock.

Intermediate Capital Group Trading Up 0.5%

LON ICG opened at GBX 1,494 on Wednesday. The firm has a market capitalization of £4.34 billion, a P/E ratio of 7.34 and a beta of 1.43. The firm’s fifty day moving average price is GBX 1,712.27 and its two-hundred day moving average price is GBX 1,951.51. Intermediate Capital Group has a 1 year low of GBX 1,424.88 and a 1 year high of GBX 2,340.

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.