Intermediate Capital Group plc (LON:ICP – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,236.17 ($15.30) and traded as high as GBX 1,335.50 ($16.53). Intermediate Capital Group shares last traded at GBX 1,315.50 ($16.29), with a volume of 618,318 shares.
Wall Street Analyst Weigh In
ICP has been the topic of a number of recent analyst reports. Barclays restated an “overweight” rating and set a GBX 2,015 ($24.95) target price on shares of Intermediate Capital Group in a research note on Friday, November 18th. Shore Capital reiterated a “hold” rating on shares of Intermediate Capital Group in a research report on Thursday, November 17th.
Intermediate Capital Group Stock Performance
The business’s fifty day moving average is GBX 1,209.85 and its two-hundred day moving average is GBX 1,236.17. The company has a quick ratio of 1.38, a current ratio of 2.09 and a debt-to-equity ratio of 101.05. The stock has a market capitalization of £3.74 billion and a PE ratio of 1,153.95.
Intermediate Capital Group Cuts Dividend
Insider Activity at Intermediate Capital Group
In other Intermediate Capital Group news, insider Michael (Rusty) Nelligan bought 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was purchased at an average cost of GBX 1,131 ($14.00) per share, with a total value of £90,480 ($112,021.79).
About Intermediate Capital Group
Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.
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