Intermediate Capital Group plc (LON:ICP) had its price target lifted by research analysts at J P Morgan Chase & Co from GBX 950 ($12.50) to GBX 1,100 ($14.47) in a research note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 9.34% from the company’s previous close.
Several other brokerages have also issued reports on ICP. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 1,023 ($13.46) price target on shares of Intermediate Capital Group plc in a research note on Thursday, September 28th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 967 ($12.72) price target on shares of Intermediate Capital Group plc in a research note on Tuesday. Shore Capital reiterated a “sell” rating on shares of Intermediate Capital Group plc in a research note on Tuesday. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,010 ($13.28) price target on shares of Intermediate Capital Group plc in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 925.63 ($12.17).
Intermediate Capital Group plc (LON ICP) opened at GBX 1,006 ($13.23) on Wednesday. Intermediate Capital Group plc has a 12 month low of GBX 617 ($8.12) and a 12 month high of GBX 1,011 ($13.30).
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In other news, insider Kevin A. H. Parry acquired 5,078 shares of Intermediate Capital Group plc stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of GBX 903 ($11.88) per share, for a total transaction of £45,854.34 ($60,310.85). Also, insider Peter J. Gibbs acquired 30,000 shares of Intermediate Capital Group plc stock in a transaction on Friday, September 15th. The shares were purchased at an average price of GBX 842 ($11.07) per share, with a total value of £252,600 ($332,237.27).
Intermediate Capital Group plc Company Profile
Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.
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