Intermediate Capital Group’s (ICG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Intermediate Capital Group (LON:ICGFree Report) in a report published on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a GBX 2,600 ($34.90) price target on the stock.

Separately, Citigroup lifted their price target on shares of Intermediate Capital Group from GBX 2,360 ($31.68) to GBX 2,400 ($32.21) and gave the company a “buy” rating in a report on Thursday.

View Our Latest Analysis on Intermediate Capital Group

Intermediate Capital Group Trading Up 2.4%

LON:ICG opened at GBX 2,156 ($28.94) on Wednesday. Intermediate Capital Group has a 12 month low of GBX 1,539 ($20.66) and a 12 month high of GBX 2,468 ($33.13). The company has a market cap of £6.08 billion, a PE ratio of 13.46 and a beta of 1.97. The company has a 50 day simple moving average of GBX 1,997.85 and a two-hundred day simple moving average of GBX 2,044.42.

Intermediate Capital Group (LON:ICGGet Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported GBX 157.10 ($2.11) earnings per share for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. Research analysts forecast that Intermediate Capital Group will post 166.6666667 earnings per share for the current year.

About Intermediate Capital Group

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ICG (LSE: ICG) is a global alternative asset manager with $123bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.

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