Intermediate Capital Group (LON:ICG) Hits New 52-Week Low - Time to Sell?

Intermediate Capital Group plc (LON:ICG - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 1,542 ($20.18) and last traded at GBX 1,552 ($20.31), with a volume of 6863978 shares. The stock had previously closed at GBX 1,651 ($21.60).

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup increased their target price on shares of Intermediate Capital Group from GBX 2,720 ($35.59) to GBX 2,730 ($35.72) and gave the company 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 note on Thursday, March 6th.

Intermediate Capital Group Trading Up 4.6 %

The stock has a market capitalization of £4.93 billion, a PE ratio of 10.93 and a beta of 1.97. The firm has a 50-day moving average price of GBX 2,107.29 and a 200-day moving average price of GBX 2,124.85.

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.