Berenberg Bank Cuts Intermediate Capital Group (LON:ICG) Price Target to GBX 2,670

Intermediate Capital Group (LON:ICG) had its price objective dropped by equities researchers at Berenberg Bank from GBX 2,800 to GBX 2,670 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 52.22% from the stock’s previous close.

Several other research firms have also issued reports on ICG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,800 target price on shares of Intermediate Capital Group in a report on Wednesday. Jefferies Financial Group reduced their target price on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Citigroup reduced their target price on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group reissued a “neutral” rating and set a GBX 2,150 target price on shares of Intermediate Capital Group in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,508.25.

Intermediate Capital Group Price Performance

Shares of LON ICG opened at GBX 1,754 on Thursday. The stock’s fifty day moving average price is GBX 1,764.86 and its two-hundred day moving average price is GBX 1,833.49. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340. The firm has a market cap of £5.01 billion, a price-to-earnings ratio of 8.61 and a beta of 1.40.

Intermediate Capital Group (LON:ICG) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 166.80 EPS for the quarter. The firm had revenue of GBX 103.60 billion for the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%. On average, equities analysts anticipate that Intermediate Capital Group will post 166.6666667 earnings per share for the current fiscal year.

Insider Buying and Selling at Intermediate Capital Group

In other Intermediate Capital Group news, insider David Bicarregui acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of GBX 1,493 per share, for a total transaction of £447,900. 2.50% of the stock is currently owned by corporate insiders.

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $127bn* 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.