Citigroup Forecasts Strong Price Appreciation for Intermediate Capital Group (LON:ICG) Stock

Intermediate Capital Group (LON:ICG) had its price objective raised by equities research analysts at Citigroup from GBX 2,720 ($33.49) to GBX 2,730 ($33.61) in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 17.88% from the company’s current price.

Separately, Berenberg Bank initiated coverage on shares of Intermediate Capital Group in a report on Wednesday, October 23rd. They set a “buy” rating and a GBX 2,600 ($32.01) price target for the company.

Intermediate Capital Group Price Performance

Shares of LON:ICG traded up GBX 58 ($0.71) during midday trading on Thursday, reaching GBX 2,316 ($28.51). The company had a trading volume of 2,540,199 shares, compared to its average volume of 884,981. The stock’s fifty day moving average price is GBX 2,101.18 and its 200-day moving average price is GBX 2,130.34. The stock has a market capitalization of £6.73 billion, a P/E ratio of 1,447.50 and a beta of 1.97. Intermediate Capital Group has a one year low of GBX 1,852 ($22.80) and a one year high of GBX 2,448 ($30.14).

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with a 35-year history, managing $106bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients, and employees, and use our position of influence to benefit the environment and society.