Intermediate Capital Group (LON:ICG) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Friday, September 25th, Digital Look reports. They currently have a GBX 2,640 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 49.74% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,800 price objective on shares of Intermediate Capital Group in a research report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Intermediate Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,504.50.

Intermediate Capital Group Price Performance

Shares of ICG stock traded down GBX 32 during mid-day trading on Friday, hitting GBX 1,763. The stock had a trading volume of 1,109,025 shares, compared to its average volume of 7,856,398. The firm has a market cap of £5.11 billion, a PE ratio of 10.76 and a beta of 1.44. The company’s 50-day simple moving average is GBX 1,948.75 and its 200-day simple moving average is GBX 1,822.35. Intermediate Capital Group has a fifty-two week low of GBX 1,424.88 and a fifty-two week high of GBX 2,310.

About Intermediate Capital Group

ICG (LSE: ICG) is a global alternative asset manager with $126bn* 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.