Intermediate Capital Group plc (LON:ICP) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,590 ($20.92).
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Intermediate Capital Group from GBX 1,800 ($23.68) to GBX 1,400 ($18.42) and set an “overweight” rating for the company in a research note on Wednesday, March 18th. Barclays boosted their price target on Intermediate Capital Group from GBX 1,470 ($19.34) to GBX 1,520 ($19.99) and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Intermediate Capital Group in a research report on Tuesday, February 11th.
In related news, insider Davies of Abersoch purchased 8,867 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was acquired at an average price of GBX 868 ($11.42) per share, with a total value of £76,965.56 ($101,243.83). Also, insider Benoit Durteste purchased 37,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of GBX 643 ($8.46) per share, with a total value of £237,910 ($312,957.12). In the last quarter, insiders have purchased 50,867 shares of company stock valued at $35,667,556.
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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