Intermediate Capital Group (LON:ICG) Trading Down 4.2% – Time to Sell?

Intermediate Capital Group plc (LON:ICG)’s share price traded down 4.2% during mid-day trading on Wednesday . The company traded as low as GBX 1,756 and last traded at GBX 1,778. 830,741 shares were traded during mid-day trading, a decline of 90% from the average session volume of 8,437,481 shares. The stock had previously closed at GBX 1,855.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a research note on Wednesday, May 13th. UBS Group reiterated a “neutral” rating and issued a GBX 2,150 price target on shares of Intermediate Capital Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,800 price target on shares of Intermediate Capital Group in a research note on Wednesday. Berenberg Bank decreased their price target on shares of Intermediate Capital Group from GBX 2,800 to GBX 2,670 and set a “buy” rating for the company in a research note on Thursday. Finally, Citigroup decreased their price target on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,508.25.

Intermediate Capital Group Stock Performance

The firm has a market cap of £5.20 billion, a PE ratio of 8.93 and a beta of 1.40. The firm’s 50-day moving average price is GBX 1,771.27 and its two-hundred day moving average price is GBX 1,832.75.

Intermediate Capital Group (LON:ICG) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 166.80 earnings per share for the quarter. The business had revenue of GBX 103.60 billion during the quarter. Intermediate Capital Group had a net margin of 49.28% and a return on equity of 18.00%. As a group, sell-side analysts predict that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current fiscal year.

Insider Buying and Selling at Intermediate Capital Group

In related news, insider David Bicarregui acquired 30,000 shares of Intermediate Capital Group stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average price of GBX 1,493 per share, for a total transaction of £447,900. Corporate insiders own 2.50% of the company’s stock.

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.