Intermediate Capital Group’s (ICG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Intermediate Capital Group (LON:ICG) in a research report report published on Thursday, MarketBeat reports. They currently have a GBX 2,670 price target on the stock.

Other research analysts have also recently issued research reports about the company. Citigroup dropped 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 research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,800 price objective on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Jefferies Financial Group lowered their price objective on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, UBS Group restated a “neutral” rating and set a GBX 2,150 target price on shares of Intermediate Capital Group in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Intermediate Capital Group currently has an average rating of “Moderate Buy” and an average price target of GBX 2,508.25.

Intermediate Capital Group Price Performance

Shares of LON:ICG opened at GBX 1,890 on Thursday. The firm has a market capitalization of £5.48 billion, a PE ratio of 11.53 and a beta of 1.42. The firm’s 50-day moving average is GBX 1,799.24 and its two-hundred day moving average is GBX 1,774.86. Intermediate Capital Group has a 1 year low of GBX 1,424.88 and a 1 year high of GBX 2,340.

Intermediate Capital Group (LON:ICG) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 166.80 earnings per share 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 expect that Intermediate Capital Group will post 166.6666667 EPS for the current fiscal year.

About Intermediate Capital Group

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.