Intermediate Capital Group (LON:ICG) Sets New 52-Week Low – What’s Next?

Intermediate Capital Group plc (LON:ICG) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,830 ($23.76) and last traded at GBX 1,835 ($23.83), with a volume of 688502 shares trading hands. The stock had previously closed at GBX 1,985 ($25.78).

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Intermediate Capital Group in a report on Thursday, March 6th. Citigroup increased their price objective on Intermediate Capital Group from GBX 2,720 ($35.32) to GBX 2,730 ($35.45) and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Intermediate Capital Group Stock Performance

The business has a 50 day simple moving average of GBX 2,224.65 and a two-hundred day simple moving average of GBX 2,166.62. The firm has a market capitalization of £5.14 billion, a P/E ratio of 11.38 and a beta of 1.97.

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 over 35 years’ 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.