Shares of Intermediate Capital Group plc (LON:ICP) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 962.50 ($12.65) and last traded at GBX 959 ($12.61), with a volume of 711,829 shares traded. The stock had previously closed at GBX 956 ($12.57).

ICP has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 925 ($12.16) target price on shares of Intermediate Capital Group plc in a report on Tuesday, June 20th. Macquarie reaffirmed a “neutral” rating and set a GBX 780 ($10.26) target price on shares of Intermediate Capital Group plc in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating on shares of Intermediate Capital Group plc in a report on Tuesday, July 11th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 967 ($12.71) price target on shares of Intermediate Capital Group plc in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 950 ($12.49) price target (up previously from GBX 881 ($11.58)) on shares of Intermediate Capital Group plc in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Intermediate Capital Group plc presently has an average rating of “Buy” and an average price target of GBX 867.13 ($11.40).

In other Intermediate Capital Group plc news, insider Peter J. Gibbs acquired 30,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of GBX 842 ($11.07) per share, with a total value of £252,600 ($332,106.23). Also, insider Michael (Rusty) Nelligan acquired 20,528 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of GBX 906 ($11.91) per share, for a total transaction of £185,983.68 ($244,522.32). Insiders acquired 55,606 shares of company stock worth $48,443,802 over the last ninety days.

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Intermediate Capital Group plc Company Profile

Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.

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