Intermediate Capital Group (LON:ICG) Shares Up 1% – What’s Next?

Shares of Intermediate Capital Group plc (LON:ICG) shot up 1% during mid-day trading on Monday . The company traded as high as GBX 1,689.22 and last traded at GBX 1,670. Approximately 10,368,444 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 9,985,429 shares. The stock had previously closed at GBX 1,653.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ICG shares. Citigroup lowered their price objective 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. Jefferies Financial Group reduced their target price on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Berenberg Bank decreased their price target on shares of Intermediate Capital Group from GBX 2,800 to GBX 2,670 and set a “buy” rating for the company in a research note on Thursday, June 4th. UBS Group reiterated a “neutral” rating and set a GBX 2,150 price target on shares of Intermediate Capital Group in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,800 price objective on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,508.25.

Intermediate Capital Group Trading Up 1.0%

The firm has a market cap of £4.83 billion, a PE ratio of 10.19 and a beta of 1.41. The business has a fifty day moving average price of GBX 1,816.21 and a 200 day moving average price of GBX 1,798.25.

Intermediate Capital Group (LON:ICG) last posted its earnings results on Thursday, May 21st. The company reported GBX 166.80 earnings per share for the quarter. The firm had revenue of GBX 103.60 billion during the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%. On average, research analysts expect that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current fiscal 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.