Intermediate Capital Group’s (ICG) “Buy” Rating Reiterated at Berenberg Bank

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 2,670 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 41.49% from the stock’s current price.

A number of other brokerages have also recently issued reports on ICG. Citigroup cut their price objective on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,800 target price on shares of Intermediate Capital Group in a report on Wednesday, June 3rd. UBS Group reissued a “neutral” rating and set a GBX 2,150 price target on shares of Intermediate Capital Group in a report on Monday, May 18th. Finally, Jefferies Financial Group reduced their price target on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,508.25.

Intermediate Capital Group Trading Down 0.1%

Shares of ICG opened at GBX 1,887 on Thursday. Intermediate Capital Group has a 1 year low of GBX 1,424.88 and a 1 year high of GBX 2,340. The stock has a 50 day simple moving average of GBX 1,798.52 and a 200-day simple moving average of GBX 1,775. The stock has a market cap of £5.47 billion, a PE ratio of 11.51 and a beta of 1.42.

Intermediate Capital Group (LON:ICG) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 166.80 EPS for the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%.The business had revenue of GBX 103.60 billion for the quarter. On average, sell-side analysts forecast that Intermediate Capital Group will post 166.6666667 EPS for the current fiscal 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.