Intermediate Capital Group plc Receives “Neutral” Rating from JPMorgan Chase & Co. (ICP)
Intermediate Capital Group plc (LON:ICP)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a GBX 497 ($8.36) price target on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 24.25% from the company’s current price.
Shares of Intermediate Capital Group plc (LON:ICP) traded down 3.22% during mid-day trading on Wednesday, hitting GBX 400.00. 2,642,567 shares of the company’s stock traded hands. Intermediate Capital Group plc has a 52 week low of GBX 406.10 and a 52 week high of GBX 505.50. The stock’s 50-day moving average is GBX 371.9 and its 200-day moving average is GBX 377.8. The company’s market cap is £1.539 billion.
The company also recently announced a dividend, which is scheduled for Monday, July 28th. Stockholders of record on Wednesday, June 11th will be paid a dividend of GBX 14.40 ($0.24) per share. This represents a dividend yield of 3.48%. The ex-dividend date is Wednesday, June 11th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Intermediate Capital Group plc from GBX 400 ($6.73) to GBX 510 ($8.58) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Intermediate Capital Group plc in a research note on Tuesday. They now have a GBX 363 ($6.11) price target on the stock, down previously from GBX 475 ($7.99). Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Intermediate Capital Group plc in a research note on Tuesday. They now have a GBX 500 ($8.41) price target on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 474 ($7.97).
Intermediate Capital Group plc is an independent mezzanine provider with investment portfolios in Europe, Asia Pacific and the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.