Intermediate Capital Group (LON:ICG) Receives Buy Rating from Panmure Gordon

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reiterated by stock analysts at Panmure Gordon in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 2,450 price objective on the stock. Panmure Gordon’s price target indicates a potential upside of 19.28% from the company’s previous close.

A number of other brokerages have also recently issued reports on ICG. JPMorgan Chase & Co. increased their price objective on shares of Intermediate Capital Group from GBX 2,649 to GBX 2,736 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada increased their price target on Intermediate Capital Group from GBX 2,400 to GBX 2,470 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 2,531.20.

Intermediate Capital Group Stock Up 4.1%

ICG traded up GBX 81 during midday trading on Wednesday, reaching GBX 2,054. The company had a trading volume of 2,722,576 shares, compared to its average volume of 2,449,619. The business has a 50-day moving average of GBX 2,098.38 and a two-hundred day moving average of GBX 2,074.78. Intermediate Capital Group has a 1 year low of GBX 1,539 and a 1 year high of GBX 2,468. The company has a market cap of £5.97 billion, a P/E ratio of 13.36 and a beta of 1.97.

Intermediate Capital Group (LON:ICG) last announced its quarterly earnings data on Tuesday, November 18th. The company reported GBX 103.70 earnings per share (EPS) for the quarter. Intermediate Capital Group had a return on equity of 21.46% and a net margin of 48.22%. On average, equities research analysts predict that Intermediate Capital Group will post 166.6666667 EPS for the current year.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $123bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.