David Bicarregui Purchases 30,000 Shares of Intermediate Capital Group (LON:ICG) Stock

Intermediate Capital Group plc (LON:ICG) insider David Bicarregui acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average cost of GBX 1,493 per share, with a total value of £447,900.

Intermediate Capital Group Trading Down 1.4%

LON:ICG opened at GBX 1,523 on Friday. The stock has a 50-day moving average price of GBX 1,693.41 and a 200 day moving average price of GBX 1,945.65. The stock has a market capitalization of £4.43 billion, a P/E ratio of 7.48 and a beta of 1.43. Intermediate Capital Group plc has a 12-month low of GBX 1,424.88 and a 12-month high of GBX 2,340.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ICG. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,900 price objective on shares of Intermediate Capital Group in a report on Thursday, January 22nd. Citigroup boosted their target price on shares of Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the stock a “buy” rating in a report on Monday, January 5th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,250 target price on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,565.14.

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $127bn* 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.