Canaccord Genuity reissued their buy rating on shares of Intermediate Capital Group (LON:ICP) in a research note issued to investors on Thursday. The brokerage currently has a GBX 1,150 ($16.14) price target on the stock.
A number of other research firms also recently weighed in on ICP. Numis Securities reissued an add rating and issued a GBX 1,222 ($17.15) target price on shares of Intermediate Capital Group in a report on Wednesday, February 7th. Liberum Capital reissued a buy rating and issued a GBX 1,010 ($14.18) target price on shares of Intermediate Capital Group in a report on Thursday, February 1st. JPMorgan Chase increased their target price on Intermediate Capital Group from GBX 1,100 ($15.44) to GBX 1,210 ($16.98) and gave the company an overweight rating in a report on Wednesday, December 13th. Shore Capital reissued a sell rating on shares of Intermediate Capital Group in a report on Thursday, February 1st. Finally, Macquarie increased their target price on Intermediate Capital Group from GBX 780 ($10.95) to GBX 1,170 ($16.42) and gave the company a neutral rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Intermediate Capital Group currently has a consensus rating of Hold and a consensus price target of GBX 1,102.75 ($15.48).
ICP stock opened at GBX 1,027 ($14.42) on Thursday. Intermediate Capital Group has a fifty-two week low of GBX 694.50 ($9.75) and a fifty-two week high of GBX 1,204 ($16.90).
In related news, insider Michael (Rusty) Nelligan acquired 5,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of GBX 1,094 ($15.36) per share, with a total value of £54,700 ($76,782.71). Also, insider Virginia Holmes acquired 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of GBX 1,005 ($14.11) per share, for a total transaction of £100,500 ($141,072.43).
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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 growth capital, reinvestment, 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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