Intermediate Capital Group (LON:ICG) Trading 1.4% Higher - Should You Buy?

Intermediate Capital Group plc (LON:ICG - Get Free Report) shares were up 1.4% during trading on Friday . The company traded as high as GBX 2,112 ($25.70) and last traded at GBX 2,100 ($25.55). Approximately 873,950 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 749,680 shares. The stock had previously closed at GBX 2,072 ($25.21).

Analyst Ratings Changes

Separately, Berenberg Bank started coverage on Intermediate Capital Group in a report on Wednesday, October 23rd. They issued a "buy" rating and a GBX 2,600 ($31.63) price objective on the stock.

Intermediate Capital Group Stock Up 1.4 %

The company has a market cap of £6.10 billion, a PE ratio of 1,312.50 and a beta of 1.97. The business has a 50-day simple moving average of GBX 2,103.18 and a 200-day simple moving average of GBX 2,131.78.

Intermediate Capital Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 5th were given a GBX 26.30 ($0.32) dividend. This represents a yield of 1.17%. The ex-dividend date was Thursday, December 5th. Intermediate Capital Group's payout ratio is 4,937.50%.

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 a 35-year history, managing $106bn 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.