Intermediate Capital Group (LON:ICG) Receives New Coverage from Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Intermediate Capital Group (LON:ICG - Free Report) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a GBX 2,600 ($33.76) price objective on the stock.

Separately, Citigroup reaffirmed a "top pick" rating on shares of Intermediate Capital Group in a report on Friday, June 28th.

Intermediate Capital Group Stock Performance

Shares of Intermediate Capital Group stock traded up GBX 32 ($0.42) during trading on Wednesday, hitting GBX 2,118 ($27.50). The stock had a trading volume of 488,767 shares, compared to its average volume of 1,739,357. Intermediate Capital Group has a 12 month low of GBX 1,852 ($24.05) and a 12 month high of GBX 2,448 ($31.78). The stock has a market capitalization of £6.16 billion, a price-to-earnings ratio of 1,328.75 and a beta of 1.97. The company's 50-day moving average price is GBX 2,166.94.

Intermediate Capital Group Company Profile

We are a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications. We utilize a fabless business model and specialize in the front-end and back-end of IC design, which are the major components of the IC product development chain.