Intermediate Capital Group (LON:ICG) Given “Buy” Rating at Berenberg Bank

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

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,800 target price on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,504.50.

Intermediate Capital Group Stock Up 0.8%

ICG traded up GBX 15 during trading hours on Friday, reaching GBX 1,857. 506,186 shares of the company’s stock traded hands, compared to its average volume of 8,028,442. Intermediate Capital Group has a 52-week low of GBX 1,424.88 and a 52-week high of GBX 2,312. The firm has a 50-day moving average price of GBX 1,949.83 and a 200 day moving average price of GBX 1,812.49. The firm has a market capitalization of £5.38 billion, a PE ratio of 11.33 and a beta of 1.44.

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.