Intermediate Capital Group (LON:ICG) Sets New 1-Year Low – Time to Sell?

Intermediate Capital Group plc (LON:ICG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,530 and last traded at GBX 1,539, with a volume of 3677786 shares changing hands. The stock had previously closed at GBX 1,585.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,900 price target on shares of Intermediate Capital Group in a research note on Thursday, January 22nd. Panmure Gordon reissued a “buy” rating and issued a GBX 2,450 price objective on shares of Intermediate Capital Group in a research note on Wednesday, November 19th. Citigroup upped their price objective on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a “buy” rating in a report on Monday, January 5th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,250 target price on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,565.14.

Intermediate Capital Group Price Performance

The business has a 50 day simple moving average of GBX 1,842.21 and a 200 day simple moving average of GBX 2,005.87. The stock has a market cap of £4.47 billion, a PE ratio of 7.56 and a beta of 1.43.

Insider Activity

In other news, insider Matthew Lester acquired 504 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of GBX 1,584 per share, with a total value of £7,983.36. Company insiders own 2.50% of the company’s stock.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $127bn* 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.