Citigroup Lowers Intermediate Capital Group (LON:ICG) Price Target to GBX 2,290

Key Points

• Citigroup cut its price target for Intermediate Capital Group to GBX 2,290 (from GBX 2,550) but maintained a "buy" rating, implying about a 33.92% upside from the current price.
• Analyst consensus is a "Moderate Buy" with an average target of GBX 2,528 (range roughly GBX 2,250–2,900); the stock trades near GBX 1,710 with a 12‑month high of GBX 2,340 and a market cap of £4.92bn.
• There has been recent insider buying—including 30,000 shares bought at GBX 1,493—and insiders now own about 2.5% of the company.

Intermediate Capital Group (LON:ICG - Get Free Report) had its target price decreased by investment analysts at Citigroup from GBX 2,550 to GBX 2,290 in a report released on Tuesday,Digital Look reports. The firm presently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 33.92% from the stock's current price.

A number of other research firms also recently issued reports on ICG. Jefferies Financial Group restated a "buy" rating and issued a GBX 2,900 price target on shares of Intermediate Capital Group in a research report on Thursday, January 22nd. UBS Group reaffirmed a "neutral" rating and issued a GBX 2,250 price objective on shares of Intermediate Capital Group in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,528.

Intermediate Capital Group Price Performance

LON ICG opened at GBX 1,710 on Tuesday. Intermediate Capital Group has a 12 month low of GBX 1,424.88 and a 12 month high of GBX 2,340. The company has a market capitalization of £4.92 billion, a price-to-earnings ratio of 8.40 and a beta of 1.37. The company's fifty day moving average price is GBX 1,616.49 and its two-hundred day moving average price is GBX 1,886.07.

Insider Buying and Selling

In other news, insider Matthew Lester acquired 504 shares of Intermediate Capital Group stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 1,584 per share, for a total transaction of £7,983.36. Also, insider David Bicarregui acquired 30,000 shares of Intermediate Capital Group stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of GBX 1,493 per share, with a total value of £447,900. 2.50% of the stock is owned by insiders.

About Intermediate Capital Group

ICG LSE: ICG is a global alternative asset manager with $127bn* 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. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.

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