Intermediate Capital Group (LON:ICP) had its price target raised by JPMorgan Chase & Co. from GBX 1,635 ($21.36) to GBX 1,720 ($22.47) in a research report sent to investors on Thursday morning, Stock Target Advisor reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other analysts have also issued reports on the stock. Jefferies Financial Group reiterated a buy rating on shares of Intermediate Capital Group in a research report on Monday, September 16th. Canaccord Genuity increased their price target on shares of Intermediate Capital Group from GBX 1,329 ($17.37) to GBX 1,650 ($21.56) and gave the stock a buy rating in a research report on Friday, September 20th. Shore Capital reiterated a hold rating on shares of Intermediate Capital Group in a research report on Tuesday. Finally, Barclays increased their price target on shares of Intermediate Capital Group from GBX 1,530 ($19.99) to GBX 1,580 ($20.65) and gave the stock an overweight rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 1,561.80 ($20.41).
Shares of ICP traded up GBX 18 ($0.24) during mid-day trading on Thursday, hitting GBX 1,488 ($19.44). 539,214 shares of the company’s stock were exchanged, compared to its average volume of 727,416. Intermediate Capital Group has a 52 week low of GBX 899 ($11.75) and a 52 week high of GBX 1,507 ($19.69). The stock’s 50-day simple moving average is GBX 1,433.42 and its 200-day simple moving average is GBX 1,362.25. The firm has a market cap of $4.34 billion and a price-to-earnings ratio of 23.47. The company has a quick ratio of 1.43, a current ratio of 1.68 and a debt-to-equity ratio of 89.18.
In other news, insider Michael (Rusty) Nelligan purchased 10,000 shares of Intermediate Capital Group stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average price of GBX 1,415 ($18.49) per share, for a total transaction of £141,500 ($184,894.81).
About Intermediate Capital Group
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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