Shares of Intermediate Capital Group plc (LON:ICP) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,244 ($16.26).
ICP has been the topic of a number of analyst reports. Numis Securities reiterated a “buy” rating and set a GBX 1,400 ($18.29) price objective on shares of Intermediate Capital Group in a research note on Thursday, July 26th. Jefferies Financial Group increased their price objective on shares of Intermediate Capital Group from GBX 1,203 ($15.72) to GBX 1,506 ($19.68) and gave the stock a “buy” rating in a research note on Thursday, July 19th. Canaccord Genuity reiterated a “buy” rating and set a GBX 1,215 ($15.88) price objective on shares of Intermediate Capital Group in a research note on Friday, July 27th. Finally, Shore Capital reiterated a “sell” rating on shares of Intermediate Capital Group in a research note on Thursday, July 26th.
In related news, insider Kevin A. H. Parry purchased 9,876 shares of Intermediate Capital Group stock in a transaction dated Friday, September 7th. The shares were bought at an average cost of GBX 1,012 ($13.22) per share, for a total transaction of £99,945.12 ($130,596.00). Also, insider Philip Keller sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of GBX 1,100 ($14.37), for a total transaction of £1,100,000 ($1,437,344.83). Insiders have acquired 31,876 shares of company stock worth $32,538,512 over the last quarter.
Intermediate Capital Group Company Profile
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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