Intermediate Capital Group (LON:ICG) Receives Overweight Rating from JPMorgan Chase & Co.

Intermediate Capital Group (LON:ICG)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a report released on Thursday,Digital Look reports.

Separately, Citigroup raised their price objective on Intermediate Capital Group from GBX 2,720 ($35.06) to GBX 2,730 ($35.19) and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Intermediate Capital Group Stock Performance

LON ICG traded down GBX 30 ($0.39) during mid-day trading on Thursday, reaching GBX 2,178 ($28.07). 1,233,574 shares of the stock were exchanged, compared to its average volume of 1,072,948. The stock has a market capitalization of £6.14 billion, a PE ratio of 13.60 and a beta of 1.97. Intermediate Capital Group has a 1-year low of GBX 1,852 ($23.87) and a 1-year high of GBX 2,468 ($31.81). The business’s fifty day simple moving average is GBX 2,235.80 and its 200 day simple moving average is GBX 2,177.99.

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.