Intermediate Capital Group’s (ICP) Buy Rating Reiterated at Numis Securities

Numis Securities restated their buy rating on shares of Intermediate Capital Group (LON:ICP) in a research report released on Monday morning. The firm currently has a GBX 1,400 ($18.29) price objective on the stock.

A number of other analysts also recently commented on the company. Jefferies Financial Group raised their price objective on Intermediate Capital Group from GBX 1,445 ($18.88) to GBX 1,506 ($19.68) and gave the stock a buy rating in a research report on Tuesday, June 12th. Shore Capital reiterated a sell rating on shares of Intermediate Capital Group in a research report on Thursday, July 26th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 1,215 ($15.88) price objective on shares of Intermediate Capital Group in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 1,244 ($16.26).

LON:ICP opened at GBX 984.50 ($12.86) on Monday. Intermediate Capital Group has a 52 week low of GBX 694.50 ($9.07) and a 52 week high of GBX 1,204 ($15.73).

In related news, insider Philip Keller sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of GBX 1,100 ($14.37), for a total transaction of £1,100,000 ($1,437,344.83). Also, insider Kevin A. H. Parry bought 9,876 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were bought at an average price of GBX 1,012 ($13.22) per share, with a total value of £99,945.12 ($130,596.00). Insiders acquired a total of 31,876 shares of company stock valued at $32,538,512 in the last quarter.

Intermediate Capital Group Company Profile

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

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