Intermediate Capital Group plc (LON:ICG) Given Consensus Recommendation of “Buy” by Analysts

Intermediate Capital Group plc (LON:ICG) has earned a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 2,617.67.

ICG has been the topic of several recent research reports. Panmure Gordon reissued a “buy” rating and issued a GBX 2,450 price objective on shares of Intermediate Capital Group in a research note on Wednesday, November 19th. JPMorgan Chase & Co. boosted 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 note on Wednesday, October 15th. Royal Bank Of Canada raised their price objective on shares of Intermediate Capital Group from GBX 2,400 to GBX 2,470 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Citigroup lifted their price objective on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,900 target price on shares of Intermediate Capital Group in a research note on Friday.

Intermediate Capital Group Stock Performance

Intermediate Capital Group stock traded up GBX 24 during midday trading on Friday, hitting GBX 2,092. 247,947 shares of the company’s stock were exchanged, compared to its average volume of 3,646,546. Intermediate Capital Group has a 12-month low of GBX 1,539 and a 12-month high of GBX 2,468. The stock has a market cap of £6.08 billion, a price-to-earnings ratio of 10.28 and a beta of 1.97. The firm’s 50 day simple moving average is GBX 2,027.33 and its 200 day simple moving average is GBX 2,088.32.

Intermediate Capital Group (LON:ICG) last issued its quarterly earnings results on Tuesday, November 18th. The company reported GBX 103.70 earnings per share (EPS) for the quarter. Intermediate Capital Group had a return on equity of 21.46% and a net margin of 48.22%. On average, equities research 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 $124bn* 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.