Jefferies Financial Group Has Lowered Expectations for Intermediate Capital Group (LON:ICG) Stock Price

Intermediate Capital Group (LON:ICG) had its price target reduced by investment analysts at Jefferies Financial Group from GBX 2,800 to GBX 2,700 in a report released on Monday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 50.75% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 2,640 target price on shares of Intermediate Capital Group in a research note on Friday, September 25th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,529.50.

Intermediate Capital Group Stock Performance

LON:ICG opened at GBX 1,791 on Monday. The firm’s fifty day moving average is GBX 1,924.48 and its 200-day moving average is GBX 1,836.57. Intermediate Capital Group has a 52 week low of GBX 1,424.88 and a 52 week high of GBX 2,148. The firm has a market cap of £5.21 billion, a P/E ratio of 10.93 and a beta of 1.44.

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.