Intermediate Capital Group plc (LON:ICP) has been given a consensus recommendation of “Buy” by the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,244 ($16.26).
Several analysts have recently weighed in on the stock. Numis Securities reiterated a “buy” rating and issued a GBX 1,400 ($18.29) price objective on shares of Intermediate Capital Group in a research note on Thursday, July 26th. Shore Capital reiterated a “sell” rating on shares of Intermediate Capital Group in a research note on Thursday, July 26th. Jefferies Financial Group lifted their price objective on shares of Intermediate Capital Group from GBX 1,203 ($15.72) to GBX 1,506 ($19.68) and gave the company a “buy” rating in a research note on Thursday, July 19th. 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 note on Friday, July 27th.
In related news, insider Philip Keller sold 102,972 shares of Intermediate Capital Group stock in a transaction on Monday, September 17th. The shares were sold at an average price of GBX 1,054 ($13.77), for a total value of £1,085,324.88 ($1,418,169.19). Also, insider Kevin A. H. Parry purchased 9,876 shares of Intermediate Capital Group stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average cost of GBX 1,012 ($13.22) per share, with a total value of £99,945.12 ($130,596.00). Insiders bought a total of 31,876 shares of company stock valued at $32,538,512 in the last quarter.
Intermediate Capital Group stock traded down GBX 8 ($0.10) during mid-day trading on Monday, hitting GBX 956.50 ($12.50). 383,998 shares of the stock were exchanged, compared to its average volume of 727,416. Intermediate Capital Group has a 12 month low of GBX 694.50 ($9.07) and a 12 month high of GBX 1,204 ($15.73).
About Intermediate Capital Group
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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