Intermediate Capital Group (LON:ICG) Earns “Buy” Rating from Jefferies Financial Group

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a report released on Thursday, MarketBeat Ratings reports. They presently have a GBX 2,900 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 49.10% from the company’s current price.

Several other brokerages have also recently weighed in on ICG. Citigroup increased their price target on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a “buy” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. lifted their price objective on 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. Panmure Gordon reissued a “buy” rating and set a GBX 2,450 target price on shares of Intermediate Capital Group in a research report on Wednesday, November 19th. Royal Bank Of Canada raised their price target on shares of Intermediate Capital Group from GBX 2,400 to GBX 2,470 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,250 price target on shares of Intermediate Capital Group in a research report on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,565.14.

Intermediate Capital Group Stock Performance

ICG stock opened at GBX 1,945 on Thursday. The company has a market capitalization of £5.65 billion, a P/E ratio of 9.55 and a beta of 1.97. The company has a fifty day moving average price of GBX 2,040.30 and a 200-day moving average price of GBX 2,093.92. Intermediate Capital Group has a 52-week low of GBX 1,539 and a 52-week high of GBX 2,468.

Intermediate Capital Group (LON:ICG) last issued its quarterly earnings data on Tuesday, November 18th. The company reported GBX 103.70 earnings per share for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. As a group, sell-side analysts forecast that Intermediate Capital Group will post 166.6666667 earnings per share for the current fiscal year.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $124bn* 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. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.