Intermediate Capital Group (LON:ICG) Shares Up 0.1% – Time to Buy?

Intermediate Capital Group plc (LON:ICG)’s share price was up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 1,897 ($25.20) and last traded at GBX 1,876 ($24.92). Approximately 982,432 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,808,031 shares. The stock had previously closed at GBX 1,875 ($24.91).

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup lifted their target price on shares of Intermediate Capital Group from GBX 2,720 ($36.14) to GBX 2,730 ($36.27) and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Intermediate Capital Group in a report on Thursday, March 6th.

Intermediate Capital Group Trading Up 0.3 %

The business’s 50-day simple moving average is GBX 1,947.23 and its two-hundred day simple moving average is GBX 2,093.41. The firm has a market cap of £5.39 billion, a price-to-earnings ratio of 11.94 and a beta of 1.97.

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 35 years’ history, managing $107bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society.