Intermediate Capital Group (LON:ICG) Price Target Cut to GBX 2,500 by Analysts at Jefferies Financial Group

Intermediate Capital Group (LON:ICG) had its price objective cut by Jefferies Financial Group from GBX 2,900 to GBX 2,500 in a report issued on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 35.21% from the stock’s previous close.

Several other brokerages also recently commented on ICG. Citigroup cut their price objective on Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group restated a “neutral” rating and issued a GBX 2,250 target price on shares of Intermediate Capital Group in a research note on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Intermediate Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,470.86.

Intermediate Capital Group Stock Performance

LON ICG opened at GBX 1,849 on Wednesday. The stock has a 50 day moving average price of GBX 1,671.67 and a 200-day moving average price of GBX 1,845.97. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340. The company has a market capitalization of £5.29 billion, a P/E ratio of 9.08 and a beta of 1.40.

Insider Activity at Intermediate Capital Group

In other Intermediate Capital Group news, insider Matthew Lester acquired 504 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of GBX 1,584 per share, for a total transaction of £7,983.36. Also, insider David Bicarregui purchased 30,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was acquired at an average cost of GBX 1,493 per share, for a total transaction of £447,900. Insiders own 2.50% of the company’s stock.

Intermediate Capital Group Company Profile

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.