Intermediate Capital Group (LON:ICG) Shares Up 0.8% - Still a Buy?

Intermediate Capital Group plc (LON:ICG - Get Free Report)'s stock price traded up 0.8% on Thursday . The stock traded as high as GBX 2,382 ($30.05) and last traded at GBX 2,361.14 ($29.79). 781,572 shares were traded during trading, a decline of 17% from the average session volume of 946,433 shares. The stock had previously closed at GBX 2,342 ($29.55).

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Intermediate Capital Group in a research report on Wednesday, October 23rd. They set a "buy" rating and a GBX 2,600 ($32.80) target price on the stock. Citigroup boosted their target price on shares of Intermediate Capital Group from GBX 2,720 ($34.32) to GBX 2,730 ($34.44) and gave the stock a "buy" rating in a research report on Thursday, January 23rd.

Intermediate Capital Group Trading Up 0.8 %

The firm's 50-day simple moving average is GBX 2,179.90 and its two-hundred day simple moving average is GBX 2,149.84. The company has a market cap of £6.90 billion, a PE ratio of 15.27 and a beta of 1.97.

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.