Intermediate Capital Group (LON:ICP) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from GBX 1,450 ($18.95) to GBX 1,530 ($19.99) in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 17.87% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,350 ($17.64) target price on shares of Intermediate Capital Group in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intermediate Capital Group in a research report on Tuesday, April 9th. Shore Capital reaffirmed a “hold” rating on shares of Intermediate Capital Group in a research report on Wednesday. Finally, Barclays initiated coverage on Intermediate Capital Group in a research report on Friday, April 12th. They issued an “overweight” rating and a GBX 1,430 ($18.69) target price on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,406.20 ($18.37).
Shares of LON ICP opened at GBX 1,298 ($16.96) on Thursday. Intermediate Capital Group has a 1-year low of GBX 899 ($11.75) and a 1-year high of GBX 1,226 ($16.02). The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 91.27. The firm has a market capitalization of $3.67 billion and a price-to-earnings ratio of 13.08.
In related news, insider Michael (Rusty) Nelligan bought 12,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were purchased at an average cost of GBX 1,025 ($13.39) per share, with a total value of £123,000 ($160,721.29).
Intermediate Capital Group Company Profile
Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.
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