Intermediate Capital Group (LON:ICG) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Intermediate Capital Group plc (LON:ICG)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 1,806.15 and traded as low as GBX 1,799. Intermediate Capital Group shares last traded at GBX 1,802, with a volume of 400,256 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on ICG. Berenberg Bank reissued a “buy” rating and set a GBX 2,640 price target on shares of Intermediate Capital Group in a research report on Friday, September 25th. Jefferies Financial Group lowered their price objective on Intermediate Capital Group from GBX 2,800 to GBX 2,700 and set a “buy” rating on the stock in a research report on Monday, October 12th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Intermediate Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,500.

Intermediate Capital Group Trading Down 0.2%

The business’s 50 day moving average is GBX 1,866.17 and its two-hundred day moving average is GBX 1,803.78. The company has a market cap of £5.37 billion, a PE ratio of 11.28 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.