Intermediate Capital Group (LON:ICG) Trading Down 1.5% - Here's What Happened

Intermediate Capital Group plc (LON:ICG - Get Free Report)'s share price was down 1.5% during mid-day trading on Thursday . The company traded as low as GBX 2,016 ($27.13) and last traded at GBX 2,020 ($27.18). Approximately 1,068,702 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 2,639,585 shares. The stock had previously closed at GBX 2,050 ($27.58).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Intermediate Capital Group in a research note on Thursday, March 6th.

Intermediate Capital Group Stock Down 0.7%

The stock has a market capitalization of £5.66 billion, a price-to-earnings ratio of 12.52 and a beta of 1.97. The business's 50-day moving average is GBX 1,888.10 and its two-hundred day moving average is GBX 2,074.13.

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 for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. As a group, analysts forecast that Intermediate Capital Group plc will post 166.6666667 EPS for the current fiscal year.

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 over 35 years' history, managing $107bn 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.