ICG Enterprise Trust (LON:ICGT) Trading 2.8% Higher – Time to Buy?

Shares of ICG Enterprise Trust PLC (LON:ICGT) traded up 2.8% on Friday . The stock traded as high as GBX 1,388 and last traded at GBX 1,384. 81,892 shares changed hands during trading, a decline of 24% from the average session volume of 107,860 shares. The stock had previously closed at GBX 1,346.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of ICG Enterprise Trust in a research note on Friday, May 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ICG Enterprise Trust Trading Up 2.8%

The company has a quick ratio of 0.35, a current ratio of 0.51 and a debt-to-equity ratio of 5.23. The firm’s 50 day simple moving average is GBX 1,353.44 and its two-hundred day simple moving average is GBX 1,441.62. The stock has a market cap of £847.76 million, a P/E ratio of 13.75 and a beta of 1.06.

ICG Enterprise Trust (LON:ICGT) last released its earnings results on Thursday, May 7th. The company reported GBX (3.55) earnings per share for the quarter. ICG Enterprise Trust had a negative net margin of 52.20% and a negative return on equity of 0.66%. The business had revenue of GBX 231 million for the quarter. As a group, equities research analysts predict that ICG Enterprise Trust PLC will post 1077.9999779 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Adiba Ighodaro purchased 169 shares of the stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of GBX 1,371 per share, for a total transaction of £2,316.99. Also, insider Alastair Bruce purchased 1,000 shares of the stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of GBX 1,302 per share, with a total value of £13,020. 0.83% of the stock is currently owned by corporate insiders.

About ICG Enterprise Trust

ICG Enterprise Trust is focused exclusively on investing in buyouts in North America and Europe. Through our experience, global network and focus on defensive growth, we seek to deliver attractive long-term returns.