Intermediate Capital Group (ICP) Reaches New 12-Month High at $1,080.00
Shares of Intermediate Capital Group plc (LON:ICP) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,080 ($14.46) and last traded at GBX 1,066 ($14.28), with a volume of 986438 shares changing hands. The stock had previously closed at GBX 1,066 ($14.28).
Several equities analysts recently issued reports on ICP shares. Numis Securities raised Intermediate Capital Group to an “add” rating and set a GBX 967 ($12.95) target price on the stock in a research note on Wednesday, September 20th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 950 ($12.72) price target (up previously from GBX 881 ($11.80)) on shares of Intermediate Capital Group in a report on Thursday, September 21st. Jefferies Group increased their price objective on Intermediate Capital Group from GBX 1,023 ($13.70) to GBX 1,203 ($16.11) and gave the company a “buy” rating in a report on Monday, November 20th. reiterated an “add” rating and issued a GBX 967 ($12.95) price objective on shares of Intermediate Capital Group in a report on Tuesday, November 14th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 1,010 ($13.53) price target on shares of Intermediate Capital Group in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Intermediate Capital Group presently has a consensus rating of “Hold” and an average target price of GBX 975.22 ($13.06).
Intermediate Capital Group (LON:ICP) last announced its earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). Intermediate Capital Group had a net margin of 33.29% and a return on equity of 19.31%. The company had revenue of £285.10 million for the quarter.
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, December 7th will be paid a dividend of GBX 9 ($0.12) per share. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 0.86%.
In related news, insider Peter J. Gibbs acquired 30,000 shares of Intermediate Capital Group stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of GBX 842 ($11.28) per share, with a total value of £252,600 ($338,288.47). Also, insider Philip Keller sold 130,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.49), for a total value of £1,309,100 ($1,753,180.66).
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About Intermediate Capital Group
Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.
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