JPMorgan Chase & Co. Lowers Intermediate Capital Group (LON:ICG) Price Target to GBX 2,703

Intermediate Capital Group (LON:ICG) had its price objective reduced by JPMorgan Chase & Co. from GBX 2,798 ($35.63) to GBX 2,703 ($34.42) in a research note issued to investors on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms have also commented on ICG. Citigroup reissued a top pick rating and issued a GBX 2,600 ($33.11) target price on shares of Intermediate Capital Group in a report on Thursday, June 6th. Canaccord Genuity Group reissued a buy rating and issued a GBX 3,036 ($38.66) target price on shares of Intermediate Capital Group in a report on Monday, May 20th.

Intermediate Capital Group Stock Down 1.5 %

Intermediate Capital Group stock opened at GBX 2,192 ($27.91) on Thursday. Intermediate Capital Group has a 12 month low of GBX 1,949.74 ($24.83) and a 12 month high of GBX 2,448 ($31.17).

Intermediate Capital Group Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 13th will be paid a GBX 53.20 ($0.68) dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a dividend yield of 2.29%.