Intermediate Capital Group plc (ICP) Reaches New 52-Week High Following Analyst Upgrade

Intermediate Capital Group plc (LON:ICP)’s share price hit a new 52-week high during mid-day trading on Tuesday after Canaccord Genuity raised their price target on the stock from GBX 1,000 to GBX 1,150. Canaccord Genuity currently has a buy rating on the stock. Intermediate Capital Group plc traded as high as GBX 1,059 ($13.93) and last traded at GBX 1,045 ($13.74), with a volume of 1309266 shares traded. The stock had previously closed at GBX 1,045 ($13.74).

A number of other brokerages have also recently issued reports on ICP. Jefferies Group LLC reissued a “buy” rating and issued a GBX 1,023 ($13.46) target price on shares of Intermediate Capital Group plc in a report on Thursday, September 28th. reaffirmed an “add” rating and set a GBX 967 ($12.72) price target on shares of Intermediate Capital Group plc in a report on Tuesday, November 14th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 967 ($12.72) price target on shares of Intermediate Capital Group plc in a report on Tuesday, November 14th. J P Morgan Chase & Co lifted their price target on Intermediate Capital Group plc from GBX 950 ($12.50) to GBX 1,100 ($14.47) and gave the company an “overweight” rating in a report on Wednesday, November 15th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Intermediate Capital Group plc in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Intermediate Capital Group plc presently has an average rating of “Hold” and a consensus price target of GBX 975.22 ($12.83).

In other Intermediate Capital Group plc news, insider Philip Keller sold 130,000 shares of Intermediate Capital Group plc stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.24), for a total value of £1,309,100 ($1,721,820.33). Also, insider Peter J. Gibbs purchased 30,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of GBX 842 ($11.07) per share, for a total transaction of £252,600 ($332,237.27).

Intermediate Capital Group plc (LON:ICP) last posted its quarterly earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). Intermediate Capital Group plc had a net margin of 33.29% and a return on equity of 19.31%. The firm had revenue of £285.10 million for the quarter.

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About Intermediate Capital Group plc

Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.

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