Intermediate Capital Group plc (LON:ICG – Get Free Report) shares dropped 1.5% on Tuesday . The stock traded as low as GBX 1,983 and last traded at GBX 1,983. 1,168,974 shares changed hands during trading, a decline of 87% from the average daily volume of 9,045,454 shares. The stock had previously closed at GBX 2,014.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a report on Wednesday, May 13th. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,150 price target on shares of Intermediate Capital Group in a research report on Monday, May 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,670 price target on shares of Intermediate Capital Group in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,800 price objective on shares of Intermediate Capital Group in a research note on Wednesday, June 3rd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Intermediate Capital Group currently has an average rating of “Moderate Buy” and an average price target of GBX 2,508.25.
View Our Latest Report on Intermediate Capital Group
Intermediate Capital Group Stock Performance
Intermediate Capital Group (LON:ICG – Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported GBX 166.80 earnings per share for the quarter. The firm 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%. Equities research analysts expect that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current year.
About Intermediate Capital Group
ICG (LSE: ICG) is a global alternative asset manager with $126bn* 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.
Further Reading
- Five stocks we like better than Intermediate Capital Group
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
- Sociedad Química y Minera’s Lithium Boom Is Back, But Iodine Steals the Show
Receive News & Ratings for Intermediate Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intermediate Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
