Intermediate Capital Group (ICP) Given New GBX 1,210 Price Target at J P Morgan Chase & Co
Intermediate Capital Group (LON:ICP) had its target price hoisted by J P Morgan Chase & Co from GBX 1,100 ($14.80) to GBX 1,210 ($16.29) in a research note issued to investors on Wednesday morning. J P Morgan Chase & Co currently has an overweight rating on the stock.
Other analysts have also issued research reports about the company. reaffirmed an add rating and issued a GBX 967 ($13.01) target price on shares of Intermediate Capital Group in a report on Tuesday, November 14th. Numis Securities reaffirmed an add rating and issued a GBX 967 ($13.01) target price on shares of Intermediate Capital Group in a report on Tuesday, November 14th. Liberum Capital reiterated a buy rating and issued a GBX 1,010 ($13.59) price objective on shares of Intermediate Capital Group in a research report on Friday, December 8th. Canaccord Genuity raised their price objective on Intermediate Capital Group from GBX 1,000 ($13.46) to GBX 1,150 ($15.48) and gave the stock a buy rating in a research report on Monday, November 20th. Finally, Jefferies Group raised their price objective on Intermediate Capital Group from GBX 1,023 ($13.77) to GBX 1,203 ($16.19) and gave the stock a buy rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 987.44 ($13.29).
Intermediate Capital Group (ICP) traded up GBX 5 ($0.07) on Wednesday, reaching GBX 1,105 ($14.87). The company’s stock had a trading volume of 1,224,779 shares, compared to its average volume of 806,339. Intermediate Capital Group has a 12-month low of GBX 673.50 ($9.06) and a 12-month high of GBX 1,080 ($14.54).
Intermediate Capital Group (LON:ICP) last released its earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). The firm had revenue of £285.10 million for the quarter. Intermediate Capital Group had a return on equity of 19.31% and a net margin of 33.29%.
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 7th will be given a GBX 9 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 0.86%.
In related news, insider Philip Keller sold 130,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of GBX 1,007 ($13.55), for a total transaction of £1,309,100 ($1,761,911.17). Also, insider Peter J. Gibbs bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of GBX 842 ($11.33) per share, with a total value of £252,600 ($339,973.08).
Intermediate Capital Group Company Profile
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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