Citigroup Cuts Intermediate Capital Group (LON:ICG) Price Target to GBX 2,290

Intermediate Capital Group (LON:ICG) had its target price decreased by analysts at Citigroup from GBX 2,550 to GBX 2,290 in a report issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 33.92% from the stock’s previous close.

A number of other research firms have also recently issued reports on ICG. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,900 target price on shares of Intermediate Capital Group in a research note on Thursday, January 22nd. UBS Group reissued a “neutral” rating and issued a GBX 2,250 target price on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,528.

Intermediate Capital Group Price Performance

Shares of ICG stock opened at GBX 1,710 on Tuesday. The stock has a market cap of £4.92 billion, a PE ratio of 8.40 and a beta of 1.37. The stock has a 50-day moving average of GBX 1,616.49 and a 200-day moving average of GBX 1,886.07. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340.

Insider Activity

In related news, insider David Bicarregui bought 30,000 shares of Intermediate Capital Group stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average cost of GBX 1,493 per share, for a total transaction of £447,900. Also, insider Matthew Lester purchased 504 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of GBX 1,584 per share, for a total transaction of £7,983.36. 2.50% of the stock is currently owned by insiders.

Intermediate Capital Group Company Profile

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.