Intermediate Capital Group (LON:ICG) Receives Overweight Rating from JPMorgan Chase & Co.

Intermediate Capital Group (LON:ICG)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday,Digital Look reports.

Separately, Citigroup boosted their price objective on shares of Intermediate Capital Group from GBX 2,720 ($35.06) to GBX 2,730 ($35.19) and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Intermediate Capital Group Stock Performance

ICG stock traded down GBX 30 ($0.39) during midday trading on Thursday, hitting GBX 2,178 ($28.07). 1,233,574 shares of the stock were exchanged, compared to its average volume of 1,072,948. The stock has a market cap of £6.14 billion, a price-to-earnings ratio of 13.60 and a beta of 1.97. Intermediate Capital Group has a fifty-two week low of GBX 1,852 ($23.87) and a fifty-two week high of GBX 2,468 ($31.81). The stock’s 50-day moving average price is GBX 2,235.80 and its 200-day moving average price is GBX 2,177.99.

Intermediate Capital Group Company Profile

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 $107bn 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.