Intermediate Capital Group (LON:ICG) Issues Earnings Results

Intermediate Capital Group (LON:ICG) announced its quarterly earnings data on Wednesday. The company reported GBX 157.10 ($2.11) EPS for the quarter, Digital Look Earnings reports. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%.

Intermediate Capital Group Trading Down 2.9%

Shares of Intermediate Capital Group stock opened at GBX 2,008 ($26.93) on Thursday. Intermediate Capital Group has a 12-month low of GBX 1,539 ($20.64) and a 12-month high of GBX 2,468 ($33.10). The stock has a market cap of £5.66 billion, a PE ratio of 12.54 and a beta of 1.97. The company has a 50-day moving average of GBX 1,898.27 and a two-hundred day moving average of GBX 2,082.63.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of Intermediate Capital Group from GBX 2,720 ($36.48) to GBX 2,730 ($36.61) and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Intermediate Capital Group in a report on Thursday, March 6th.

Intermediate Capital Group Company Profile

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 35 years’ history, managing $107bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society.