Intermediate Capital Group (LON:ICG) Reaches New 1-Year Low – What’s Next?

Intermediate Capital Group plc (LON:ICG) reached a new 52-week low during trading on Friday . The company traded as low as GBX 1,486 and last traded at GBX 1,491, with a volume of 41091102 shares changing hands. The stock had previously closed at GBX 1,516.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ICG shares. UBS Group reaffirmed a “neutral” rating and set a GBX 2,250 target price on shares of Intermediate Capital Group in a research note on Friday, January 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,900 price objective on shares of Intermediate Capital Group in a report on Thursday, January 22nd. Finally, Citigroup increased their price objective on shares of Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the stock a “buy” rating in a research report on Monday, January 5th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,565.14.

Intermediate Capital Group Stock Performance

The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 7.30 and a beta of 1.43. The firm has a 50-day simple moving average of GBX 1,746.86 and a two-hundred day simple moving average of GBX 1,968.29.

Insider Activity at Intermediate Capital Group

In other Intermediate Capital Group news, insider Matthew Lester acquired 504 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of GBX 1,584 per share, for a total transaction of £7,983.36. Insiders own 2.50% of the company’s stock.

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.