Intermediate Capital Group (LON:ICG) Stock Price Down 4.2% – Here’s What Happened

Intermediate Capital Group plc (LON:ICG)’s share price traded down 4.2% on Wednesday . The company traded as low as GBX 1,756 and last traded at GBX 1,778. 830,741 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 8,437,481 shares. The stock had previously closed at GBX 1,855.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Jefferies Financial Group reduced their price objective on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,150 price objective on shares of Intermediate Capital Group in a research note on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,456.57.

Intermediate Capital Group Trading Down 5.7%

The stock has a market cap of £5.00 billion, a P/E ratio of 8.59 and a beta of 1.40. The company’s fifty day simple moving average is GBX 1,751.80 and its 200-day simple moving average is GBX 1,835.56.

Intermediate Capital Group (LON:ICG) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 166.80 earnings per share (EPS) for the quarter. The firm had revenue of GBX 103.60 billion for the quarter. Intermediate Capital Group had a net margin of 49.28% and a return on equity of 18.00%. As a group, analysts expect that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current fiscal year.

Insider Transactions at Intermediate Capital Group

In other Intermediate Capital Group news, insider David Bicarregui purchased 30,000 shares of the stock in a transaction on Tuesday, March 24th. The shares were purchased at an average price of GBX 1,493 per share, with a total value of £447,900. 2.50% of the stock is owned by company insiders.

Intermediate Capital Group Company Profile

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.