Canaccord Genuity Raises Intermediate Capital Group (LON:ICP) Price Target to GBX 1,650

Intermediate Capital Group (LON:ICP) had its price target lifted by Canaccord Genuity from GBX 1,329 ($17.37) to GBX 1,650 ($21.56) in a research note issued to investors on Friday morning, Digital Look reports. They currently have a buy rating on the stock.

Several other brokerages have also commented on ICP. Jefferies Financial Group restated a buy rating on shares of Intermediate Capital Group in a research report on Monday, September 16th. Barclays restated an overweight rating on shares of Intermediate Capital Group in a research report on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of Intermediate Capital Group from GBX 1,450 ($18.95) to GBX 1,530 ($19.99) and gave the stock an overweight rating in a research report on Thursday, May 23rd. Finally, Shore Capital restated a hold rating on shares of Intermediate Capital Group in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 1,513.80 ($19.78).

Shares of LON ICP opened at GBX 1,441 ($18.83) on Friday. The firm has a market capitalization of $4.18 billion and a P/E ratio of 22.73. Intermediate Capital Group has a one year low of GBX 899 ($11.75) and a one year high of GBX 1,448.12 ($18.92). The company’s fifty day moving average is GBX 1,367.22 and its two-hundred day moving average is GBX 1,272.68. The company has a debt-to-equity ratio of 89.18, a quick ratio of 1.43 and a current ratio of 1.68.

In related news, insider Vijay Bharadia sold 4,570 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of GBX 1,392 ($18.19), for a total value of £63,614.40 ($83,123.48). Also, insider Michael (Rusty) Nelligan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 1,415 ($18.49) per share, for a total transaction of £141,500 ($184,894.81).

Intermediate Capital Group Company Profile

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

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