Barclays reiterated their overweight rating on shares of Intermediate Capital Group (LON:ICP) in a research note issued to investors on Wednesday, Digital Look reports. Barclays currently has a GBX 1,530 ($19.99) price target on the stock.
Other research analysts have also recently issued research reports about the company. Canaccord Genuity raised their target price on Intermediate Capital Group from GBX 1,329 ($17.37) to GBX 1,650 ($21.56) and gave the company a buy rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on Intermediate Capital Group from GBX 1,530 ($19.99) to GBX 1,635 ($21.36) and gave the company an overweight rating in a research note on Wednesday, October 9th. Shore Capital reiterated a hold rating on shares of Intermediate Capital Group in a research note on Thursday, July 25th. Finally, Jefferies Financial Group reiterated a buy rating on shares of Intermediate Capital Group in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Intermediate Capital Group presently has a consensus rating of Buy and an average price target of GBX 1,534.80 ($20.05).
Shares of ICP traded up GBX 12 ($0.16) on Wednesday, reaching GBX 1,491 ($19.48). The stock had a trading volume of 496,559 shares, compared to its average volume of 727,416. The firm has a market capitalization of $4.33 billion and a price-to-earnings ratio of 23.52. The company has a debt-to-equity ratio of 89.18, a quick ratio of 1.43 and a current ratio of 1.68. The company has a 50-day simple moving average of GBX 1,426.80 and a 200-day simple moving average of GBX 1,353.01. Intermediate Capital Group has a 12-month low of GBX 899 ($11.75) and a 12-month high of GBX 1,507 ($19.69).
In related news, insider Michael (Rusty) Nelligan acquired 10,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of GBX 1,415 ($18.49) per share, for a total transaction of £141,500 ($184,894.81).
Intermediate Capital Group Company Profile
Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.
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