Intermediate Capital Group (LON:ICG) Trading Down 1.7% – Here’s What Happened

Intermediate Capital Group plc (LON:ICG) fell 1.7% on Monday . The company traded as low as GBX 1,867.11 and last traded at GBX 1,870. 786,270 shares changed hands during trading, a decline of 91% from the average daily volume of 8,350,570 shares. The stock had previously closed at GBX 1,903.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 2,670 price objective on shares of Intermediate Capital Group in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,800 target price 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 assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,508.25.

Intermediate Capital Group Price Performance

The stock has a market cap of £5.42 billion, a price-to-earnings ratio of 11.42 and a beta of 1.44. The business’s 50 day moving average is GBX 1,939.63 and its 200 day moving average is GBX 1,800.22.

About Intermediate Capital Group

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.