Intermediate Capital Group Upgraded to Outperform at Macquarie (ICP)
Intermediate Capital Group (LON:ICP) was upgraded by stock analysts at Macquarie to an “outperform” rating in a report issued on Thursday, AmericanBankingNews.com reports. The firm currently has a GBX 539 ($8.65) price target on the stock. Macquarie’s price target would indicate a potential upside of 19.96% from the company’s current price.
Shares of Intermediate Capital Group (LON:ICP) traded up 2.98% during mid-day trading on Thursday, hitting GBX 449.30. 1,144,253 shares of the company’s stock traded hands. Intermediate Capital Group has a one year low of GBX 278.70 and a one year high of GBX 505.50. The stock has a 50-day moving average of GBX 458.4 and a 200-day moving average of GBX 443.1. The company’s market cap is £1.789 billion.
ICP has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Intermediate Capital Group in a research note to investors on Wednesday, September 25th. They now have a GBX 510 ($8.18) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Intermediate Capital Group in a research note to investors on Monday, September 23rd. They now have a GBX 500 ($8.02) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Intermediate Capital Group in a research note to investors on Monday, July 22nd. They now have a GBX 500 ($8.02) price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Intermediate Capital Group has a consensus rating of “Buy” and an average target price of GBX 480.14 ($7.70).
Intermediate Capital Group plc is an independent mezzanine provider with investment portfolios in Europe, Asia Pacific and the United States.
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