Citigroup Issues Positive Forecast for Intermediate Capital Group (LON:ICG) Stock Price

Intermediate Capital Group (LON:ICG - Free Report) had its price objective upped by Citigroup from GBX 2,360 ($31.69) to GBX 2,400 ($32.23) in a report issued on Thursday, Marketbeat reports. They currently have a buy rating on the stock.

Intermediate Capital Group Trading Up 2.4%

Intermediate Capital Group stock traded up GBX 50 ($0.67) during midday trading on Thursday, reaching GBX 2,156 ($28.95). The company's stock had a trading volume of 1,889,714 shares, compared to its average volume of 2,176,253. Intermediate Capital Group has a 52 week low of GBX 1,539 ($20.67) and a 52 week high of GBX 2,468 ($33.14). The business has a 50-day moving average price of GBX 1,993.97 and a 200-day moving average price of GBX 2,043.80. The stock has a market cap of £6.08 billion, a PE ratio of 13.46 and a beta of 1.97.

Intermediate Capital Group (LON:ICG - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported GBX 157.10 ($2.11) earnings per share (EPS) for the quarter. Intermediate Capital Group had a return on equity of 21.46% and a net margin of 48.22%. As a group, research analysts predict that Intermediate Capital Group will post 166.6666667 EPS for the current fiscal year.

Intermediate Capital Group Company Profile

ICG LSE: ICG is a global alternative asset manager with $123bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients' capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.