Intermediate Capital Group (LON:ICG) Stock Price Down 4.2% – Here’s What Happened

Intermediate Capital Group plc (LON:ICG) shares traded down 4.2% on Wednesday . The stock traded as low as GBX 1,756 and last traded at GBX 1,778. 830,741 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 8,437,481 shares. The stock had previously closed at GBX 1,855.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,150 target price on shares of Intermediate Capital Group in a report on Monday, May 18th. Jefferies Financial Group lowered their target price on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Citigroup lowered their target price on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,456.57.

Intermediate Capital Group Trading Down 5.7%

The business’s fifty day simple moving average is GBX 1,751.80 and its 200 day simple moving average is GBX 1,835.56. The stock has a market cap of £5.00 billion, a P/E ratio of 8.59 and a beta of 1.40.

Intermediate Capital Group (LON:ICG) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 166.80 EPS for the quarter. Intermediate Capital Group had a net margin of 49.28% and a return on equity of 18.00%. The firm had revenue of GBX 103.60 billion for the quarter. On average, analysts predict that Intermediate Capital Group plc will post 166.6666667 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David Bicarregui acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were purchased at an average price of GBX 1,493 per share, with a total value of £447,900. 2.50% of the stock is currently owned by corporate insiders.

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.