Insider Buying: Intermediate Capital Group (LON:ICG) Insider Buys £7,983.36 in Stock

Intermediate Capital Group plc (LON:ICG) insider Matthew Lester bought 504 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 1,584 per share, with a total value of £7,983.36.

Intermediate Capital Group Trading Down 2.9%

Shares of ICG stock opened at GBX 1,585 on Friday. The company has a market capitalization of £4.61 billion, a price-to-earnings ratio of 7.78 and a beta of 1.43. The stock’s fifty day simple moving average is GBX 1,842.21 and its 200-day simple moving average is GBX 2,006.96. Intermediate Capital Group plc has a 1-year low of GBX 1,539 and a 1-year high of GBX 2,340.

Analyst Upgrades and Downgrades

ICG has been the subject of a number of research analyst reports. Panmure Gordon restated a “buy” rating and set a GBX 2,450 price objective on shares of Intermediate Capital Group in a research report on Wednesday, November 19th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,900 target price on shares of Intermediate Capital Group in a research report on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a GBX 2,250 price target on shares of Intermediate Capital Group in a research report on Friday, January 16th. Finally, Citigroup raised their price target on shares of Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a “buy” rating in a research note on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,565.14.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $127bn* 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.