Intermediate Capital Group (LON:ICG) Earns “Buy” Rating from Berenberg Bank

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 2,670 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 41.27% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Citigroup decreased their target price on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,800 price target on shares of Intermediate Capital Group in a report on Wednesday, June 3rd. Jefferies Financial Group reduced their price target on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, UBS Group reissued a “neutral” rating and set a GBX 2,150 price objective on shares of Intermediate Capital Group in a report on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Intermediate Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,508.25.

Intermediate Capital Group Price Performance

ICG stock opened at GBX 1,890 on Thursday. Intermediate Capital Group has a 1-year low of GBX 1,424.88 and a 1-year high of GBX 2,340. The business has a fifty day moving average price of GBX 1,799.24 and a 200-day moving average price of GBX 1,774.86. The stock has a market capitalization of £5.48 billion, a P/E ratio of 11.53 and a beta of 1.42.

Intermediate Capital Group (LON:ICG) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 166.80 earnings per share (EPS) for the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%.The firm had revenue of GBX 103.60 billion for the quarter. As a group, analysts anticipate that Intermediate Capital Group will post 166.6666667 earnings per share for the current year.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $126bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.