Intermediate Capital Group (LON:ICG) Sets New 1-Year Low – Here’s What Happened

Shares of Intermediate Capital Group plc (LON:ICG) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,830 ($23.61) and last traded at GBX 1,835 ($23.67), with a volume of 688502 shares. The stock had previously closed at GBX 1,985 ($25.61).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Intermediate Capital Group in a report on Thursday, March 6th. Citigroup increased their price objective on Intermediate Capital Group from GBX 2,720 ($35.09) to GBX 2,730 ($35.22) and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Intermediate Capital Group Trading Down 6.2 %

The firm has a market cap of £4.82 billion, a PE ratio of 10.68 and a beta of 1.97. The company’s 50-day moving average is GBX 2,202.71 and its 200 day moving average is GBX 2,160.

Intermediate Capital Group Company Profile

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 35 years’ 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.