Intermediate Capital Group (LON:ICG) Trading 0.1% Higher - Still a Buy?

Intermediate Capital Group plc (LON:ICG - Get Free Report) shares shot up 0.1% on Wednesday . The company traded as high as GBX 1,897 ($25.20) and last traded at GBX 1,876 ($24.92). 982,432 shares were traded during trading, a decline of 65% from the average session volume of 2,808,031 shares. The stock had previously closed at GBX 1,875 ($24.91).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of Intermediate Capital Group from GBX 2,720 ($36.14) to GBX 2,730 ($36.27) and gave the company a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. restated an "overweight" rating on shares of Intermediate Capital Group in a research report on Thursday, March 6th.

Intermediate Capital Group Stock Up 0.3 %

The stock has a 50 day moving average of GBX 1,947.23 and a 200 day moving average of GBX 2,093.41. The firm has a market cap of £5.39 billion, a price-to-earnings ratio of 11.94 and a beta of 1.97.

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.

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