Intermediate Capital Group (LON:ICG) Trading 0.3% Higher – Here’s Why

Shares of Intermediate Capital Group plc (LON:ICG) rose 0.3% on Wednesday . The company traded as high as GBX 1,973 ($26.36) and last traded at GBX 1,956 ($26.13). Approximately 837,996 shares changed hands during trading, a decline of 66% from the average daily volume of 2,445,646 shares. The stock had previously closed at GBX 1,951 ($26.07).

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ICG shares. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 target price on shares of Intermediate Capital Group in a research note on Wednesday, July 16th. Citigroup upped their price target on shares of Intermediate Capital Group from GBX 2,360 to GBX 2,400 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intermediate Capital Group from GBX 2,649 to GBX 2,736 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 2,578.67.

Intermediate Capital Group Price Performance

The stock’s 50-day moving average is GBX 2,181.74 and its two-hundred day moving average is GBX 2,042.17. The company has a market cap of £5.74 billion, a P/E ratio of 12.85 and a beta of 1.97.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $123bn* 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.