Jefferies Financial Group Cuts Intermediate Capital Group (LON:ICG) Price Target to GBX 2,500

Intermediate Capital Group (LON:ICG) had its price objective decreased by Jefferies Financial Group from GBX 2,900 to GBX 2,500 in a research note released on Wednesday morning, Marketbeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

ICG has been the subject of a number of other research reports. Citigroup cut their price target 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. UBS Group reiterated a “neutral” rating and set a GBX 2,250 price objective on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,470.86.

Intermediate Capital Group Stock Performance

Shares of ICG opened at GBX 1,807 on Wednesday. The firm has a fifty day moving average of GBX 1,684.73 and a 200-day moving average of GBX 1,844.04. Intermediate Capital Group has a 1 year low of GBX 1,424.88 and a 1 year high of GBX 2,340. The company has a market cap of £5.17 billion, a price-to-earnings ratio of 8.88 and a beta of 1.40.

Insider Activity

In other news, insider David Bicarregui acquired 30,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of GBX 1,493 per share, for a total transaction of £447,900. Also, insider Matthew Lester acquired 504 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of GBX 1,584 per share, with a total value of £7,983.36. 2.50% of the stock is owned by company insiders.

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.