Intermediate Capital Group (LON:ICG) Price Target Raised to GBX 2,736

Key Points

• JPMorgan Chase & Co. has raised the target price for Intermediate Capital Group from GBX 2,649 to GBX 2,736, indicating a potential upside of 33.07% from the current stock price.
• Intermediate Capital Group currently has a consensus rating of "Buy" from three research analysts, with an average target price of GBX 2,578.67 as reported by MarketBeat.com.
• The stock traded down GBX 44 at GBX 2,056 during Wednesday's trading, with a recent market capitalization of £5.98 billion.

Intermediate Capital Group (LON:ICG - Get Free Report) had its target price upped by equities researchers at JPMorgan Chase & Co. from GBX 2,649 to GBX 2,736 in a report issued on Wednesday,Digital Look reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 33.07% from the company's current price.

ICG has been the subject of several other research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,600 price target on shares of Intermediate Capital Group in a research report on Wednesday, July 16th. Citigroup upped their target price on shares of Intermediate Capital Group from GBX 2,360 to GBX 2,400 and gave the company a "buy" rating in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 2,578.67.

Intermediate Capital Group Price Performance

Shares of LON:ICG traded down GBX 44 during trading on Wednesday, hitting GBX 2,056. 1,700,971 shares of the company were exchanged, compared to its average volume of 2,466,464. The firm's 50 day moving average price is GBX 2,204.92 and its 200-day moving average price is GBX 2,039.60. Intermediate Capital Group has a 12-month low of GBX 1,539 and a 12-month high of GBX 2,468. The stock has a market capitalization of £5.98 billion, a P/E ratio of 1,336.80 and a beta of 1.97.

About Intermediate Capital Group

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.

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