Intermediate Capital Group (LON:ICG) Stock Price Down 0.2% - Here's Why

Key Points

• Intermediate Capital Group's stock price decreased by 0.2%, closing at GBX 2,176.46 ($29.56) after trading as low as GBX 2,170 ($29.47) with significantly reduced trading volume.
• Analysts from Citigroup and Berenberg Bank have set target prices of GBX 2,400 ($32.59) and GBX 2,600 ($35.31) respectively, both maintaining a "buy" rating on the stock.
• The company reported a net margin of 48.22% and a return on equity of 21.46% in its last quarterly earnings, with expectations for an earnings per share of 166.67 for the current year.

Intermediate Capital Group plc (LON:ICG - Get Free Report) fell 0.2% during trading on Wednesday . The stock traded as low as GBX 2,170 ($29.47) and last traded at GBX 2,176.46 ($29.56). 213,863 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 2,019,001 shares. The stock had previously closed at GBX 2,180 ($29.60).

Analyst Upgrades and Downgrades

Several research firms have commented on ICG. Citigroup upped their target price on shares of Intermediate Capital Group from GBX 2,360 ($32.05) to GBX 2,400 ($32.59) and gave the stock a "buy" rating in a research report on Thursday, July 17th. Berenberg Bank restated a "buy" rating and issued a GBX 2,600 ($35.31) target price on shares of Intermediate Capital Group in a research report on Wednesday, July 16th.

Intermediate Capital Group Price Performance

The firm's fifty day moving average price is GBX 2,043.74 and its 200-day moving average price is GBX 2,049.41. The firm has a market capitalization of £6.12 billion, a P/E ratio of 13.56 and a beta of 1.97.

Intermediate Capital Group (LON:ICG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported GBX 157.10 ($2.13) earnings per share (EPS) for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. Analysts expect that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.