Intermediate Capital Group plc (LON:ICG) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Intermediate Capital Group plc (LON:ICG) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 2,505.

ICG has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Intermediate Capital Group from GBX 2,800 to GBX 2,700 and set a “buy” rating for the company in a research report on Monday, October 12th. Berenberg Bank reissued a “buy” rating and set a GBX 2,640 price target on shares of Intermediate Capital Group in a report on Friday, September 25th.

Intermediate Capital Group Price Performance

ICG opened at GBX 1,950 on Thursday. Intermediate Capital Group has a 12 month low of GBX 1,424.88 and a 12 month high of GBX 2,148. The stock has a market cap of £5.67 billion, a P/E ratio of 11.90 and a beta of 1.45. The stock’s 50 day moving average price is GBX 1,853.61 and its 200 day moving average price is GBX 1,800.69.

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.