Intermediate Capital Group’s (ICP) “Overweight” Rating Reiterated at Barclays

Intermediate Capital Group (LON:ICP)‘s stock had its “overweight” rating reissued by Barclays in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 1,530 ($19.99) target price on the stock. Barclays‘s price target would indicate a potential upside of 4.01% from the company’s current price.

A number of other equities research analysts have also commented on the company. Canaccord Genuity raised their price target on Intermediate Capital Group from GBX 1,329 ($17.37) to GBX 1,650 ($21.56) and gave the stock a “buy” rating in a research report on Friday, September 20th. Shore Capital reaffirmed a “hold” rating on shares of Intermediate Capital Group in a research report on Thursday, July 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intermediate Capital Group in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. raised their price target on Intermediate Capital Group from GBX 1,530 ($19.99) to GBX 1,635 ($21.36) and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Intermediate Capital Group has an average rating of “Buy” and an average price target of GBX 1,534.80 ($20.05).

Shares of LON ICP traded down GBX 16 ($0.21) during mid-day trading on Wednesday, reaching GBX 1,471 ($19.22). 534,227 shares of the company’s stock were exchanged, compared to its average volume of 727,416. The firm has a market capitalization of $4.27 billion and a price-to-earnings ratio of 23.20. The company has a current ratio of 1.68, a quick ratio of 1.43 and a debt-to-equity ratio of 89.18. The business has a fifty day simple moving average of GBX 1,424.80 and a 200 day simple moving average of GBX 1,348.54. Intermediate Capital Group has a twelve month low of GBX 899 ($11.75) and a twelve month high of GBX 1,507 ($19.69).

In other news, insider Michael (Rusty) Nelligan bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average price of GBX 1,415 ($18.49) per share, with a total value of £141,500 ($184,894.81).

About Intermediate Capital Group

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.

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Analyst Recommendations for Intermediate Capital Group (LON:ICP)

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