Intermediate Capital Group (LON:ICG) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Intermediate Capital Group (LON:ICG) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 2,670 price target on the stock.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,800 price objective on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. UBS Group reiterated a “neutral” rating and set a GBX 2,150 price objective on shares of Intermediate Capital Group in a research note on Monday, May 18th. Finally, Citigroup cut their target price on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,508.25.

Intermediate Capital Group Price Performance

Shares of ICG opened at GBX 1,907 on Thursday. The business’s fifty day moving average price is GBX 1,799.14 and its 200 day moving average price is GBX 1,774.05. Intermediate Capital Group has a 12-month low of GBX 1,424.88 and a 12-month high of GBX 2,340. The stock has a market capitalization of £5.52 billion, a PE ratio of 11.64 and a beta of 1.42.

Intermediate Capital Group (LON:ICG) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 166.80 EPS for the quarter. Intermediate Capital Group had a net margin of 49.28% and a return on equity of 18.00%. The firm had revenue of GBX 103.60 billion during the quarter. As a group, research analysts anticipate that Intermediate Capital Group will post 166.6666667 earnings per share for the current fiscal year.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $126bn* 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.