Intermediate Capital Group (LON:ICG) Trading Up 1.4% – Should You Buy?

Intermediate Capital Group plc (LON:ICG)’s share price rose 1.4% on Friday . The company traded as high as GBX 2,112 ($25.70) and last traded at GBX 2,100 ($25.55). Approximately 873,950 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 749,680 shares. The stock had previously closed at GBX 2,072 ($25.21).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank initiated coverage on shares of Intermediate Capital Group in a report on Wednesday, October 23rd. They issued a “buy” rating and a GBX 2,600 ($31.63) price target for the company.

Intermediate Capital Group Trading Up 1.4 %

The business’s fifty day simple moving average is GBX 2,103.18 and its two-hundred day simple moving average is GBX 2,132.06. The stock has a market capitalization of £6.10 billion, a P/E ratio of 1,312.50 and a beta of 1.97.

Intermediate Capital Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 26.30 ($0.32) per share. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, December 5th. Intermediate Capital Group’s payout ratio is 4,937.50%.

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 $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.