Intermediate Capital Group plc (LON:ICG – Get 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.
About Intermediate Capital Group
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
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