Intermediate Capital Group (LON:ICG) Hits New 52-Week High - Still a Buy?

Intermediate Capital Group plc (LON:ICG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,468 ($31.18) and last traded at GBX 2,438 ($30.80), with a volume of 4169809 shares changing hands. The stock had previously closed at GBX 2,446 ($30.90).

Wall Street Analyst Weigh In

Separately, Citigroup boosted their price objective on shares of Intermediate Capital Group from GBX 2,720 ($34.37) to GBX 2,730 ($34.49) and gave the company a "buy" rating in a research report on Thursday, January 23rd.

Intermediate Capital Group Trading Down 0.1 %

The stock has a market cap of £6.78 billion, a P/E ratio of 15.01 and a beta of 1.97. The firm's 50-day simple moving average is GBX 2,198.76 and its 200 day simple moving average is GBX 2,159.10.

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with a 35-year 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.