Intermediate Capital Group (LON:ICG) Trading Down 0.7% - Should You Sell?

Key Points

• The share price of Intermediate Capital Group (LON:ICG) fell by 0.7%, closing at GBX 2,146 ($28.98) with significant trading volume.
• Analysts maintain a consensus rating of "Buy" for ICG, with target prices ranging from GBX 2,400 to 2,600.
• ICG is a global alternative asset manager with $123 billion in assets under management (AUM) and a market cap of £6.24 billion.

Shares of Intermediate Capital Group plc (LON:ICG - Get Free Report) traded down 0.7% on Friday . The stock traded as low as GBX 2,138 ($29.03) and last traded at GBX 2,146 ($29.14). 106,397,797 shares traded hands during mid-day trading, an increase of 4,172% from the average session volume of 2,490,298 shares. The stock had previously closed at GBX 2,162 ($29.36).

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,600 price objective on shares of Intermediate Capital Group in a research note on Wednesday, July 16th. Citigroup lifted their price objective on 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 2,500.

Intermediate Capital Group Stock Up 2.7%

The company has a market capitalization of £6.57 billion, a P/E ratio of 1,470.74 and a beta of 1.97. The stock has a fifty day simple moving average of GBX 2,132.96 and a 200-day simple moving average of GBX 2,023.80.

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.