Intermediate Capital Group (LON:ICG) Trading 0.8% Higher – Should You Buy?

Intermediate Capital Group plc (LON:ICG) shares were up 0.8% during mid-day trading on Thursday . The company traded as high as GBX 2,382 ($29.94) and last traded at GBX 2,361.14 ($29.67). Approximately 781,572 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 946,433 shares. The stock had previously closed at GBX 2,342 ($29.43).

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ICG shares. Berenberg Bank started coverage on Intermediate Capital Group in a report on Wednesday, October 23rd. They issued a “buy” rating and a GBX 2,600 ($32.68) price target for the company. Citigroup increased their price objective on Intermediate Capital Group from GBX 2,720 ($34.18) to GBX 2,730 ($34.31) and gave the company a “buy” rating in a report on Thursday, January 23rd.

Intermediate Capital Group Stock Up 0.8 %

The company has a fifty day moving average price of GBX 2,171.68 and a two-hundred day moving average price of GBX 2,146.33. The firm has a market capitalization of £6.66 billion, a price-to-earnings ratio of 14.74 and a beta of 1.97.

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with a 35-year 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.