Intermediate Capital Group (LON:ICG) Stock Price Up 1% – Time to Buy?

Intermediate Capital Group plc (LON:ICG) shares traded up 1% during trading on Monday . The stock traded as high as GBX 1,689.22 and last traded at GBX 1,670. 10,368,444 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 9,985,429 shares. The stock had previously closed at GBX 1,653.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ICG shares. Jefferies Financial Group lowered their price objective on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Berenberg Bank decreased their target price on Intermediate Capital Group from GBX 2,800 to GBX 2,670 and set a “buy” rating for the company in a research report on Thursday, June 4th. Citigroup lowered their price target 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,800 price target on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Finally, UBS Group reissued 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Intermediate Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,508.25.

Intermediate Capital Group Stock Performance

The business’s 50 day simple moving average is GBX 1,812.56 and its 200-day simple moving average is GBX 1,795.79. The company has a market cap of £4.96 billion, a price-to-earnings ratio of 10.45 and a beta of 1.41.

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

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.