Brokerages Set Intermediate Capital Group plc (LON:ICG) Target Price at GBX 2,508.25

Intermediate Capital Group plc (LON:ICG) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 2,508.25.

A number of equities research analysts have weighed in 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 on the stock in a report on Tuesday, April 14th. Berenberg Bank lowered their price objective on Intermediate Capital Group from GBX 2,800 to GBX 2,670 and set a “buy” rating on the stock in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,800 price objective on shares of Intermediate Capital Group in a report on Wednesday, June 3rd. Jefferies Financial Group lowered their price objective on 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. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 2,150 price objective on shares of Intermediate Capital Group in a report on Monday, May 18th.

Intermediate Capital Group Trading Up 1.7%

Shares of ICG opened at GBX 1,802 on Monday. Intermediate Capital Group has a twelve month low of GBX 1,424.88 and a twelve month high of GBX 2,340. The stock’s 50 day moving average is GBX 1,801.64 and its two-hundred day moving average is GBX 1,823.53. The firm has a market capitalization of £5.21 billion, a PE ratio of 10.99 and a beta of 1.41.

Intermediate Capital Group (LON:ICG) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 166.80 earnings per share for the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%.The company had revenue of GBX 103.60 billion for the quarter. On average, sell-side analysts predict that Intermediate Capital Group will post 166.6666667 EPS for the current year.

Insiders Place Their Bets

In other Intermediate Capital Group news, insider David Bicarregui acquired 30,000 shares of the stock in a transaction on Tuesday, March 24th. The shares were bought at an average price of GBX 1,493 per share, with a total value of £447,900. Corporate insiders own 2.53% of the company’s stock.

Intermediate Capital Group Company Profile

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.