Intermediate Capital Group plc (ICP) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Intermediate Capital Group plc (LON:ICP) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 952.75 ($12.53).
Several brokerages have weighed in on ICP. 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 reaffirmed an “overweight” rating and set a GBX 950 ($12.50) target price (up previously from GBX 881 ($11.59)) on shares of Intermediate Capital Group plc in a research note on Thursday, September 21st. Liberum Capital reissued a “buy” rating and set a GBX 1,010 ($13.28) price target on shares of Intermediate Capital Group plc in a research report on Tuesday, November 14th. reissued an “add” rating and set a GBX 967 ($12.72) price target on shares of Intermediate Capital Group plc in a research report on Tuesday, November 14th. Finally, Shore Capital reissued a “sell” rating on shares of Intermediate Capital Group plc in a research report on Tuesday, November 14th.
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Intermediate Capital Group plc (LON:ICP) last announced its earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.37) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). The company had revenue of £285.10 million during the quarter. Intermediate Capital Group plc had a net margin of 33.29% and a return on equity of 19.31%.
In other news, insider Peter J. Gibbs bought 30,000 shares of Intermediate Capital Group plc stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of GBX 842 ($11.07) per share, with a total value of £252,600 ($332,237.27).
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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