Intermediate Capital Group (LON:ICG) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 2,800 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 58.73% from the stock’s current price.

Several other research firms have also recently commented on ICG. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,150 price target on shares of Intermediate Capital Group in a report on Monday, May 18th. Jefferies Financial Group cut their price target on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Citigroup cut their price target on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a report on Tuesday, April 14th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Intermediate Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,499.50.

Intermediate Capital Group Stock Down 4.9%

Shares of LON:ICG opened at GBX 1,764 on Wednesday. The business has a 50 day moving average price of GBX 1,751.80 and a 200 day moving average price of GBX 1,835.56. The company has a market cap of £5.04 billion, a price-to-earnings ratio of 8.66 and a beta of 1.40. Intermediate Capital Group has a twelve month low of GBX 1,424.88 and a twelve month high of GBX 2,340.

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

Insider Activity

In related news, insider David Bicarregui bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average price of GBX 1,493 per share, for a total transaction of £447,900. Insiders own 2.50% of the company’s stock.

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.