Intermediate Capital Group (LON:ICG) Shares Down 0.6% – Time to Sell?

Intermediate Capital Group plc (LON:ICG) was down 0.6% during mid-day trading on Thursday . The stock traded as low as GBX 2,012 ($26.04) and last traded at GBX 2,036 ($26.35). Approximately 65,733,789 shares changed hands during trading, an increase of 1,365% from the average daily volume of 4,485,511 shares. The stock had previously closed at GBX 2,048 ($26.51).

Wall Street Analysts Forecast Growth

A number of analysts have commented on ICG shares. Citigroup upped their price target on Intermediate Capital Group from GBX 2,720 ($35.21) to GBX 2,730 ($35.34) and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Intermediate Capital Group in a research report on Thursday, March 6th.

Intermediate Capital Group Trading Down 0.7 %

The firm has a 50 day moving average of GBX 2,235.59 and a 200-day moving average of GBX 2,171.51. The company has a market cap of £5.70 billion, a P/E ratio of 12.62 and a beta of 1.97.

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 35 years’ history, managing $107bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society.