Intermediate Capital Group plc (ICP) Given “Sell” Rating at Shore Capital
Intermediate Capital Group plc (LON:ICP)‘s stock had its “sell” rating reaffirmed by investment analysts at Shore Capital in a report released on Tuesday.
Other research analysts have also issued reports about the stock. Numis Securities Ltd raised shares of Intermediate Capital Group plc to an “add” rating and set a GBX 967 ($12.72) target price for the company in a research note on Wednesday, September 20th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 950 ($12.50) target price (up from GBX 881 ($11.59)) on shares of Intermediate Capital Group plc in a research note on Thursday, September 21st. Finally, Jefferies Group LLC reissued a “buy” rating and set a GBX 1,023 ($13.46) target price on shares of Intermediate Capital Group plc in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 906.88 ($11.93).
Intermediate Capital Group plc (LON ICP) opened at GBX 1,028 ($13.52) on Tuesday. Intermediate Capital Group plc has a one year low of GBX 617 ($8.12) and a one year high of GBX 1,011 ($13.30).
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In related news, insider Peter J. Gibbs purchased 30,000 shares of Intermediate Capital Group plc stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of GBX 842 ($11.07) per share, with a total value of £252,600 ($332,237.27). Also, insider Kevin A. H. Parry purchased 5,078 shares of Intermediate Capital Group plc stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of GBX 903 ($11.88) per share, with a total value of £45,854.34 ($60,310.85). Over the last ninety days, insiders bought 55,606 shares of company stock valued at $48,443,802.
About Intermediate Capital Group plc
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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