Intermediate Capital Group plc (LON:ICG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Intermediate Capital Group plc (LON:ICG) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,470.86.

Several research firms recently weighed in on ICG. Citigroup reduced 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 report on Tuesday, April 14th. Jefferies Financial Group reduced their price target on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating and set a GBX 2,250 price target on shares of Intermediate Capital Group in a research report on Friday, January 16th.

Intermediate Capital Group Price Performance

Shares of ICG stock opened at GBX 1,846 on Thursday. The company has a market cap of £5.28 billion, a P/E ratio of 9.07 and a beta of 1.40. The firm has a 50-day moving average of GBX 1,675.61 and a 200-day moving average of GBX 1,845.08. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340.

Insider Activity

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

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.