Intermediate Capital Group (LON:ICG) Trading Down 1.5% - Time to Sell?

Intermediate Capital Group plc (LON:ICG - Get Free Report) shares traded down 1.5% during mid-day trading on Thursday . The company traded as low as GBX 2,016 ($27.25) and last traded at GBX 2,020 ($27.31). 1,068,702 shares traded hands during trading, a decline of 60% from the average session volume of 2,639,585 shares. The stock had previously closed at GBX 2,050 ($27.71).

Wall Street Analysts Forecast Growth

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

Intermediate Capital Group Trading Up 0.1%

The stock has a 50 day simple moving average of GBX 1,886.08 and a 200 day simple moving average of GBX 2,073.64. The firm has a market capitalization of £5.61 billion, a PE ratio of 12.43 and a beta of 1.97.

Intermediate Capital Group (LON:ICG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported GBX 157.10 ($2.12) 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, equities analysts anticipate that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current year.

About Intermediate Capital Group

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.