Intermediate Capital Group (LON:ICP) Given “Buy” Rating at Liberum Capital

Intermediate Capital Group (LON:ICP)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research note issued on Tuesday, November 14th. They currently have a GBX 1,010 ($13.53) price objective on the stock. Liberum Capital’s target price indicates a potential downside of 3.91% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Numis Securities reaffirmed a “hold” rating and issued a GBX 967 ($12.95) price target on shares of Intermediate Capital Group in a report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 950 ($12.72) price target (up previously from GBX 881 ($11.80)) on shares of Intermediate Capital Group in a report on Thursday, September 21st. Jefferies Group reissued a “buy” rating and set a GBX 1,023 ($13.70) target price on shares of Intermediate Capital Group in a report on Thursday, September 28th. Finally, Shore Capital reissued a “sell” rating on shares of Intermediate Capital Group in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 975.22 ($13.06).

Intermediate Capital Group (ICP) traded down GBX 13.85 ($0.19) during midday trading on Tuesday, hitting GBX 1,051.15 ($14.08). 593,037 shares of the stock were exchanged, compared to its average volume of 795,950. Intermediate Capital Group has a 1 year low of GBX 659 ($8.83) and a 1 year high of GBX 1,080 ($14.46).

Intermediate Capital Group (LON:ICP) last posted its earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). Intermediate Capital Group had a net margin of 33.29% and a return on equity of 19.31%. The company had revenue of £285.10 million during the quarter.

In other news, insider Philip Keller sold 130,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.49), for a total value of £1,309,100 ($1,753,180.66). Also, insider Peter J. Gibbs purchased 30,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of GBX 842 ($11.28) per share, for a total transaction of £252,600 ($338,288.47).

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About Intermediate Capital Group

Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.

Analyst Recommendations for Intermediate Capital Group (LON:ICP)

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