Intermediate Capital Group (LON:ICG) Given Buy Rating at Berenberg Bank

Intermediate Capital Group (LON:ICG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 2,640 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 42.16% from the company’s previous close.

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

Intermediate Capital Group Stock Performance

Shares of ICG opened at GBX 1,857 on Friday. The company has a 50-day simple moving average of GBX 1,949.83 and a 200-day simple moving average of GBX 1,814.24. Intermediate Capital Group has a 52 week low of GBX 1,424.88 and a 52 week high of GBX 2,312. The firm has a market capitalization of £5.38 billion, a P/E ratio of 11.33 and a beta of 1.44.

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.