Intermediate Capital Group (LON:ICG) Stock Rating Reaffirmed as Buy by Berenberg Bank

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 2,640 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 42.16% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,800 price objective on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,504.50.

Intermediate Capital Group Price Performance

ICG traded up GBX 15 on Friday, hitting GBX 1,857. 506,186 shares of the stock were exchanged, compared to its average volume of 8,028,442. The business has a 50-day moving average of GBX 1,950.49 and a two-hundred day moving average of GBX 1,812.18. The firm has a market capitalization of £5.38 billion, a price-to-earnings ratio of 11.33 and a beta of 1.44. Intermediate Capital Group has a 12 month low of GBX 1,424.88 and a 12 month high of GBX 2,312.

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.