Intermediate Capital Group (LON:ICG) Trading Down 1.5% – Should You Sell?

Intermediate Capital Group plc (LON:ICG) dropped 1.5% during mid-day trading on Tuesday . The stock traded as low as GBX 1,983 and last traded at GBX 1,983. 1,168,974 shares were traded during trading, a decline of 87% from the average session volume of 9,045,454 shares. The stock had previously closed at GBX 2,014.

Analyst Upgrades and Downgrades

A number of research firms have commented on ICG. Jefferies Financial Group reduced their target price on Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,800 price objective on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,670 target price on shares of Intermediate Capital Group in a report on Thursday, July 16th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,150 price target on shares of Intermediate Capital Group in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,508.25.

Intermediate Capital Group Trading Down 1.5%

The stock has a 50-day simple moving average of GBX 1,850.36 and a 200 day simple moving average of GBX 1,764.29. The company has a market cap of £5.75 billion, a price-to-earnings ratio of 12.10 and a beta of 1.43.

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

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $126bn* 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.