Intermediate Capital Group (ICP) Hits New 1-Year High at $1,160.00

Intermediate Capital Group plc (LON:ICP) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,160 ($15.51) and last traded at GBX 1,150 ($15.38), with a volume of 5038 shares trading hands. The stock had previously closed at GBX 1,146 ($15.32).

Several brokerages recently commented on ICP. Canaccord Genuity raised their target price on Intermediate Capital Group from GBX 1,000 ($13.37) to GBX 1,150 ($15.38) and gave the company a “buy” rating in a report on Monday, November 20th. Jefferies Group raised their target price on Intermediate Capital Group from GBX 1,023 ($13.68) to GBX 1,203 ($16.09) and gave the company a “buy” rating in a report on Monday, November 20th. Liberum Capital reiterated a “buy” rating and set a GBX 1,010 ($13.50) target price on shares of Intermediate Capital Group in a report on Tuesday, November 14th. Shore Capital restated a “sell” rating on shares of Intermediate Capital Group in a report on Tuesday, November 14th. Finally, Macquarie lifted their price objective on Intermediate Capital Group from GBX 780 ($10.43) to GBX 1,170 ($15.64) and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Intermediate Capital Group presently has a consensus rating of “Hold” and an average target price of GBX 1,030.78 ($13.78).

The firm has a market cap of $3,350.00 and a price-to-earnings ratio of 1,660.00.

Intermediate Capital Group (LON:ICP) last announced its earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). Intermediate Capital Group had a net margin of 32.73% and a return on equity of 15.76%. The company had revenue of £285.10 million for the quarter.

The firm also recently announced a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 7th will be paid a dividend of GBX 9 ($0.12) per share. The ex-dividend date is Thursday, December 7th. This represents a yield of 0.86%.

In other Intermediate Capital Group news, insider Philip Keller sold 130,000 shares of Intermediate Capital Group stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.46), for a total transaction of £1,309,100 ($1,750,367.70).

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About Intermediate Capital Group

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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