Intermediate Capital Group (LON:ICP) Receives Buy Rating from Citigroup

Share on StockTwits

Citigroup reissued their buy rating on shares of Intermediate Capital Group (LON:ICP) in a research report sent to investors on Tuesday morning, Digital Look reports.

A number of other brokerages also recently weighed in on ICP. Shore Capital reaffirmed a hold rating on shares of Intermediate Capital Group in a research note on Thursday, January 30th. Jefferies Financial Group raised their target price on shares of Intermediate Capital Group from GBX 1,600 ($21.05) to GBX 1,790 ($23.55) and gave the company a buy rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on shares of Intermediate Capital Group from GBX 1,720 ($22.63) to GBX 1,800 ($23.68) and gave the company an overweight rating in a report on Tuesday, January 7th. Finally, Barclays increased their price target on shares of Intermediate Capital Group from GBX 1,580 ($20.78) to GBX 1,685 ($22.17) and gave the company an overweight rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 1,706.83 ($22.45).

Shares of LON ICP opened at GBX 1,816 ($23.89) on Tuesday. Intermediate Capital Group has a fifty-two week low of GBX 990 ($13.02) and a fifty-two week high of GBX 1,772 ($23.31). The company has a 50 day simple moving average of GBX 1,686.08 and a two-hundred day simple moving average of GBX 1,500.46. The company has a market capitalization of $5.27 billion and a price-to-earnings ratio of 25.72. The company has a debt-to-equity ratio of 90.87, a quick ratio of 0.79 and a current ratio of 1.11.

In other news, insider Virginia Holmes sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of GBX 1,538 ($20.23), for a total transaction of £153,800 ($202,315.18).

Intermediate Capital Group Company Profile

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

Read More: What are no-load funds?

Analyst Recommendations for Intermediate Capital Group (LON:ICP)

Receive News & Ratings for Intermediate Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intermediate Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.