Berenberg Bank Cuts Intermediate Capital Group (LON:ICG) Price Target to GBX 2,670

by · The Markets Daily

Intermediate Capital Group (LON:ICG – Get Free Report) had its price objective cut by analysts at Berenberg Bank from GBX 2,800 to GBX 2,670 in a report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 52.22% from the stock’s previous close.

ICG has been the topic of a number of other reports. Jefferies Financial Group decreased their target price on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,800 target price on shares of Intermediate Capital Group in a report on Wednesday. UBS Group reissued a “neutral” rating and set a GBX 2,150 target price on shares of Intermediate Capital Group in a report on Monday, May 18th. Finally, Citigroup decreased their target price on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Intermediate Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,508.25.

Get Our Latest Report on Intermediate Capital Group

Intermediate Capital Group Trading Down 0.9%

ICG stock opened at GBX 1,754 on Thursday. The firm has a market capitalization of £5.01 billion, a PE ratio of 8.61 and a beta of 1.40. Intermediate Capital Group has a 1-year low of GBX 1,424.88 and a 1-year high of GBX 2,340. The business’s 50 day simple moving average is GBX 1,764.86 and its 200 day simple moving average is GBX 1,833.49.

Intermediate Capital Group (LON:ICG – Get Free Report) last posted its earnings results on Thursday, May 21st. The company reported GBX 166.80 earnings per share for the quarter. The business had revenue of GBX 103.60 billion for the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%. As a group, sell-side analysts predict that Intermediate Capital Group will post 166.6666667 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David Bicarregui acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were purchased at an average cost of GBX 1,493 per share, with a total value of £447,900. 2.50% of the stock is currently owned by corporate insiders.

About Intermediate Capital Group

(Get Free Report)

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.

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