Intermediate Capital Group plc Price Target Cut to GBX 480 by Analysts at Oriel Securities Ltd (ICP)
Research analysts at Oriel Securities Ltd dropped their price objective on shares of Intermediate Capital Group plc (LON:ICP) from GBX 515 ($8.66) to GBX 480 ($8.07) in a report released on Thursday. The firm currently has a “buy” rating on the stock. Oriel Securities Ltd’s target price would indicate a potential upside of 20.69% from the stock’s previous close.
Shares of Intermediate Capital Group plc (LON:ICP) traded up 1.91% on Thursday, hitting GBX 405.30. 591,798 shares of the company’s stock traded hands. Intermediate Capital Group plc has a 52 week low of GBX 394.00 and a 52 week high of GBX 500.00. The stock’s 50-day moving average is GBX 268.3 and its 200-day moving average is GBX 280.6. The company’s market cap is £1.560 billion.
The company also recently declared a dividend, which is scheduled for Monday, July 28th. Investors of record on Wednesday, June 11th will be given a dividend of GBX 14.40 ($0.24) per share. This represents a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, June 11th.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Intermediate Capital Group plc in a research note on Tuesday. They now have a GBX 510 ($8.57) price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Intermediate Capital Group plc in a research note on Friday, June 6th. They now have a GBX 458 ($7.70) price target on the stock. Finally, analysts at Liberum Capital initiated coverage on shares of Intermediate Capital Group plc in a research note on Thursday, June 5th. They set a “hold” rating and a GBX 424 ($7.13) price target on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 463.20 ($7.79).
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.