Intermediate Capital Group (LON:ICG) Given Buy Rating at Berenberg Bank

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 2,640 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 41.99% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,800 price target on shares of Intermediate Capital Group in a research note on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intermediate Capital Group has an average rating of “Moderate Buy” and a consensus target price of GBX 2,504.50.

Intermediate Capital Group Trading Up 0.9%

ICG stock opened at GBX 1,859.25 on Friday. The company’s 50 day moving average is GBX 1,950.49 and its 200 day moving average is GBX 1,812.18. The stock has a market cap of £5.38 billion, a price-to-earnings ratio of 11.34 and a beta of 1.44. Intermediate Capital Group has a 1-year low of GBX 1,424.88 and a 1-year high of GBX 2,312.

Intermediate Capital Group Company Profile

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.