Intermediate Capital Group (ICP) Given Buy Rating at Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Intermediate Capital Group (LON:ICP) in a research report sent to investors on Friday morning. They currently have a GBX 1,010 ($13.59) target price on the stock.

Other research analysts have also recently issued research reports about the stock. Numis Securities upgraded shares of Intermediate Capital Group to an add rating and set a GBX 967 ($13.01) price objective on the stock in a research report on Wednesday, September 20th. reiterated an add rating and set a GBX 967 ($13.01) price objective on shares of Intermediate Capital Group in a research report on Tuesday, November 14th. Jefferies Group reiterated a buy rating and set a GBX 1,023 ($13.77) price objective on shares of Intermediate Capital Group in a research report on Thursday, September 28th. Canaccord Genuity boosted their price objective on shares of Intermediate Capital Group from GBX 1,000 ($13.46) to GBX 1,150 ($15.48) and gave the company a buy rating in a research report on Monday, November 20th. Finally, J P Morgan Chase & Co upped their price objective on shares of Intermediate Capital Group from GBX 950 ($12.79) to GBX 1,100 ($14.80) and gave the stock an overweight rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Intermediate Capital Group currently has a consensus rating of Hold and a consensus price target of GBX 975.22 ($13.13).

Intermediate Capital Group (LON:ICP) traded up GBX 6 ($0.08) during mid-day trading on Friday, hitting GBX 1,057 ($14.23). 807,434 shares of the stock traded hands, compared to its average volume of 801,415. Intermediate Capital Group has a 1 year low of GBX 673.50 ($9.06) and a 1 year high of GBX 1,080 ($14.54).

Intermediate Capital Group (LON:ICP) last announced its quarterly earnings results on Tuesday, November 14th. The company reported GBX 28.30 ($0.38) earnings per share for the quarter, topping the consensus estimate of GBX 24.80 ($0.33) by GBX 3.50 ($0.05). Intermediate Capital Group had a net margin of 33.29% and a return on equity of 19.31%. The company had revenue of £285.10 million for the quarter.

The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, December 7th will be paid a dividend of GBX 9 ($0.12) per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 0.86%.

In other news, insider Peter J. Gibbs acquired 30,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were bought at an average price of GBX 842 ($11.33) per share, for a total transaction of £252,600 ($339,973.08). Also, insider Philip Keller sold 130,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of GBX 1,007 ($13.55), for a total value of £1,309,100 ($1,761,911.17).

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About Intermediate Capital Group

Intermediate Capital Group plc is a specialist asset manager. The Company is the fund management company (FMC) and the investment company (IC). Its funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.

Analyst Recommendations for Intermediate Capital Group (LON:ICP)

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