Intermediate Capital Group (LON:ICG) Sets New 12-Month High – Here’s What Happened

Intermediate Capital Group plc (LON:ICG) reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,468 ($31.06) and last traded at GBX 2,438 ($30.68), with a volume of 4169809 shares changing hands. The stock had previously closed at GBX 2,446 ($30.78).

Analyst Ratings Changes

ICG has been the subject of a number of analyst reports. Berenberg Bank began coverage on Intermediate Capital Group in a research report on Wednesday, October 23rd. They issued a “buy” rating and a GBX 2,600 ($32.72) price target for the company. Citigroup raised their target price on shares of Intermediate Capital Group from GBX 2,720 ($34.23) to GBX 2,730 ($34.35) and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Intermediate Capital Group Stock Up 0.6 %

The stock has a fifty day simple moving average of GBX 2,193.50 and a 200 day simple moving average of GBX 2,157.29. The firm has a market capitalization of £6.87 billion, a P/E ratio of 15.22 and a beta of 1.97.

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with a 35-year history, managing $107bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients, and employees, and use our position of influence to benefit the environment and society.