Intermediate Capital Group (LON:ICG) Shares Down 0.6% – Should You Sell?

Intermediate Capital Group plc (LON:ICG)’s share price dropped 0.6% on Thursday . The stock traded as low as GBX 2,012 ($26.05) and last traded at GBX 2,036 ($26.36). Approximately 65,733,789 shares were traded during trading, an increase of 1,365% from the average daily volume of 4,485,511 shares. The stock had previously closed at GBX 2,048 ($26.51).

Wall Street Analyst Weigh In

ICG has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of Intermediate Capital Group from GBX 2,720 ($35.21) to GBX 2,730 ($35.34) and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Intermediate Capital Group in a research report on Thursday, March 6th.

Intermediate Capital Group Stock Performance

The stock has a market cap of £5.74 billion, a price-to-earnings ratio of 12.71 and a beta of 1.97. The firm’s 50-day simple moving average is GBX 2,237.15 and its two-hundred day simple moving average is GBX 2,171.99.

About Intermediate Capital Group

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.