Intermediate Capital Group plc (ICP) Given Average Rating of “Buy” by Analysts
Shares of Intermediate Capital Group plc (LON:ICP) have been given an average rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 892.14 ($11.77).
Several brokerages recently issued reports on ICP. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 1,023 ($13.50) target price on shares of Intermediate Capital Group plc in a research report on Thursday, September 28th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 950 ($12.54) target price (up previously from GBX 881 ($11.63)) on shares of Intermediate Capital Group plc in a research report on Thursday, September 21st. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 967 ($12.76) target price on shares of Intermediate Capital Group plc in a research report on Tuesday, July 25th.
Shares of Intermediate Capital Group plc (ICP) opened at 983.50 on Thursday. The firm’s market cap is GBX 2.76 billion. The stock has a 50 day moving average price of GBX 916.11 and a 200 day moving average price of GBX 868.86. Intermediate Capital Group plc has a 12-month low of GBX 584.86 and a 12-month high of GBX 988.00.
In other news, insider Michael (Rusty) Nelligan purchased 20,528 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of GBX 906 ($11.96) per share, with a total value of £185,983.68 ($245,425.81). Also, insider Peter J. Gibbs purchased 30,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average cost of GBX 842 ($11.11) per share, for a total transaction of £252,600 ($333,333.33). In the last three months, insiders acquired 55,606 shares of company stock worth $48,443,802.
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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