Intermediate Capital Group (LON:ICG) Insider Buys £447,900 in Stock

Intermediate Capital Group plc (LON:ICGGet Free Report) insider David Bicarregui bought 30,000 shares of the stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of GBX 1,493 per share, for a total transaction of £447,900.

Intermediate Capital Group Trading Up 3.7%

ICG stock opened at GBX 1,541.71 on Wednesday. The firm’s 50-day moving average is GBX 1,712.27 and its two-hundred day moving average is GBX 1,951.51. The company has a market capitalization of £4.48 billion, a price-to-earnings ratio of 7.57 and a beta of 1.43. Intermediate Capital Group plc has a 52 week low of GBX 1,424.88 and a 52 week high of GBX 2,340.

Analysts Set New Price Targets

Several brokerages recently commented on ICG. UBS Group reissued a “neutral” rating and set a GBX 2,250 target price on shares of Intermediate Capital Group in a report on Friday, January 16th. 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. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,900 price target on shares of Intermediate Capital Group in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,565.14.

View Our Latest Research Report on Intermediate Capital Group

About Intermediate Capital Group

(Get Free Report)

ICG (LSE: ICG) is a global alternative asset manager with $127bn* 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.

Further Reading

Receive News & Ratings for Intermediate Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intermediate Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.