Intermediate Capital Group (LON:ICG) Sets New 52-Week Low - What's Next?

Intermediate Capital Group plc (LON:ICG - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,830 ($23.38) and last traded at GBX 1,835 ($23.45), with a volume of 688502 shares traded. The stock had previously closed at GBX 1,985 ($25.36).

Analyst Ratings Changes

ICG has been the subject of a number of research analyst reports. Citigroup boosted their price target on Intermediate Capital Group from GBX 2,720 ($34.76) to GBX 2,730 ($34.88) and gave the stock a "buy" rating in a report 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 Price Performance

The company has a market capitalization of £4.64 billion, a P/E ratio of 10.26 and a beta of 1.97. The firm has a fifty day moving average price of GBX 2,189.69 and a 200-day moving average price of GBX 2,152.42.

Intermediate Capital Group Company Profile

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.