Intermediate Capital Group plc (ICP) Given Consensus Recommendation of “Buy” by Brokerages
Intermediate Capital Group plc (LON:ICP) has been assigned an average recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 798.33 ($10.42).
ICP has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating on shares of Intermediate Capital Group plc in a research report on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating and set a GBX 925 ($12.08) price target on shares of Intermediate Capital Group plc in a research report on Tuesday, June 20th. Societe Generale reiterated a “buy” rating and set a GBX 850 ($11.10) price target on shares of Intermediate Capital Group plc in a research report on Friday, March 24th. Liberum Capital reiterated a “buy” rating on shares of Intermediate Capital Group plc in a research report on Thursday, June 1st. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 655 ($8.55) price target on shares of Intermediate Capital Group plc in a research report on Thursday, May 25th.
Shares of Intermediate Capital Group plc (LON ICP) traded down 0.22% on Tuesday, hitting GBX 898.00. The stock had a trading volume of 301,081 shares. Intermediate Capital Group plc has a 12-month low of GBX 548.00 and a 12-month high of GBX 940.00. The company has a 50 day moving average of GBX 847.30 and a 200-day moving average of GBX 751.57. The firm’s market capitalization is GBX 2.49 billion.
The company also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 15th will be paid a dividend of GBX 19.50 ($0.25) per share. This represents a yield of 2.12%. The ex-dividend date is Thursday, June 15th. This is an increase from Intermediate Capital Group plc’s previous dividend of $7.50.
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About Intermediate Capital Group plc
Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.
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