Intermediate Capital Group (LON:ICG) Stock Keeps “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 on Friday, Digital Look reports. They presently have a GBX 2,640 target price on the stock. Berenberg Bank’s price target points to a potential upside of 42.16% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,800 price target on shares of Intermediate Capital Group in a report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,504.50.

Intermediate Capital Group Stock Performance

ICG stock traded up GBX 15 during mid-day trading on Friday, reaching GBX 1,857. The company had a trading volume of 248,553 shares, compared to its average volume of 8,027,057. Intermediate Capital Group has a fifty-two week low of GBX 1,424.88 and a fifty-two week high of GBX 2,312. The firm has a fifty day simple moving average of GBX 1,950.49 and a 200 day simple moving average of GBX 1,812.18. The company has a market capitalization of £5.38 billion, a price-to-earnings ratio of 11.33 and a beta of 1.44.

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.