Intermediate Capital Group (LON:ICG) Sets New 52-Week Low – Here’s What Happened

Shares of Intermediate Capital Group plc (LON:ICG) hit a new 52-week low on Monday . The stock traded as low as GBX 1,530 and last traded at GBX 1,539, with a volume of 3677786 shares. The stock had previously closed at GBX 1,585.

Analysts Set New Price Targets

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

Intermediate Capital Group Trading Down 2.9%

The company has a market cap of £4.47 billion, a P/E ratio of 7.56 and a beta of 1.43. The company’s 50-day moving average price is GBX 1,842.21 and its two-hundred day moving average price is GBX 2,005.87.

Insider Transactions at Intermediate Capital Group

In other news, insider Matthew Lester purchased 504 shares of Intermediate Capital Group stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of GBX 1,584 per share, with a total value of £7,983.36. Insiders own 2.50% of the company’s stock.

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.