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

Key Points

• Intermediate Capital Group shares fell 1.5% to GBX 1,983, while trading volume dropped 87% below the average daily level.
• Analyst sentiment remains positive, with seven Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of GBX 2,508.25.
• The company reported quarterly EPS of GBX 166.80, a 49.28% net margin and an 18% return on equity; its market capitalization is approximately £5.75 billion.

Intermediate Capital Group plc (LON:ICG - Get Free Report) shares fell 1.5% during trading on Tuesday . The company traded as low as GBX 1,983 and last traded at GBX 1,983. Approximately 1,168,974 shares traded hands during trading, a decline of 87% from the average daily volume of 9,045,454 shares. The stock had previously closed at GBX 2,014.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 2,800 target price on shares of Intermediate Capital Group in a report on Wednesday, June 3rd. Jefferies Financial Group decreased their price target on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a "buy" rating for the company in a research note on Wednesday, May 13th. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,670 target price on shares of Intermediate Capital Group in a research note on Thursday, July 16th. Finally, UBS Group reaffirmed a "neutral" rating and set a GBX 2,150 target price on shares of Intermediate Capital Group in a report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Intermediate Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,508.25.

Intermediate Capital Group Price Performance

The firm has a market capitalization of £5.75 billion, a P/E ratio of 12.10 and a beta of 1.43. The company has a fifty day moving average of GBX 1,850.36 and a 200 day moving average of GBX 1,764.29.

Intermediate Capital Group (LON:ICG - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 166.80 EPS for the quarter. The business had revenue of GBX 103.60 billion during the quarter. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%. On average, sell-side analysts forecast that Intermediate Capital Group plc will post 166.6666667 EPS for the current year.

Intermediate Capital Group Company Profile

ICG LSE: ICG is a global alternative asset manager with $126bn* 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. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.

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