Intermediate Capital Group’s (ICG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Intermediate Capital Group (LON:ICG) in a report released on Friday morning,Digital Look reports. Berenberg Bank currently has a GBX 2,640 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,800 price objective on shares of Intermediate Capital Group in a research note on Wednesday, June 3rd. Seven 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 presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,504.50.

Intermediate Capital Group Stock Performance

Intermediate Capital Group stock opened at GBX 1,857 on Friday. Intermediate Capital Group has a 1 year low of GBX 1,424.88 and a 1 year high of GBX 2,312. The firm has a market cap of £5.38 billion, a price-to-earnings ratio of 11.33 and a beta of 1.44. The firm’s 50 day moving average price is GBX 1,949.83 and its two-hundred day moving average price is GBX 1,814.24.

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.