Intermediate Capital Group (LON:ICG) Stock Price Up 0.3% – Still a Buy?

Intermediate Capital Group plc (LON:ICG)’s stock price was up 0.3% during mid-day trading on Wednesday . The stock traded as high as GBX 1,973 ($26.36) and last traded at GBX 1,956 ($26.13). Approximately 837,996 shares were traded during mid-day 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

Several brokerages have recently weighed in on ICG. Citigroup increased their price objective 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. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Intermediate Capital Group in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Intermediate Capital Group from GBX 2,649 to GBX 2,736 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 2,578.67.

Intermediate Capital Group Stock Performance

The company’s fifty day moving average is GBX 2,181.74 and its 200-day moving average is GBX 2,042.17. The company has a market capitalization of £5.74 billion, a PE ratio of 12.85 and a beta of 1.97.

Intermediate Capital Group Company Profile

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.