What’s Propelling Intermediate Capital Group plc to Increase So Much?

 What's Propelling Intermediate Capital Group plc to Increase So Much?

The stock of Intermediate Capital Group plc (LON:ICP) is a huge mover today! The stock increased 3.01% or GBX 18.08 on November 3, hitting GBX 619.08. About 625,014 shares traded hands or 19.52% up from the average. Intermediate Capital Group plc (LON:ICP) has risen 1.64% since April 6, 2016 and is uptrending. It has outperformed by 0.43% the S&P500.
The move comes after 6 months positive chart setup for the GBX 1.80B company. It was reported on Nov, 3 by Barchart.com. We have GBX 872.90 PT which if reached, will make LON:ICP worth GBX 738.00M more.

Intermediate Capital Group plc (LON:ICP) Ratings Coverage

Out of 9 analysts covering Intermediate Capital Group (LON:ICP), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Intermediate Capital Group has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. J.P. Morgan maintained the shares of ICP in a report on Tuesday, November 17 with “Overweight” rating. Numis Securities maintained Intermediate Capital Group plc (LON:ICP) rating on Wednesday, October 5. Numis Securities has “Hold” rating and GBX 566 price target. The stock of Intermediate Capital Group plc (LON:ICP) earned “Hold” rating by Numis Securities on Thursday, July 21. Jefferies maintained the shares of ICP in a report on Thursday, June 16 with “Buy” rating. Numis Securities maintained it with “Hold” rating and GBX 640 target price in Thursday, March 31 report. The stock of Intermediate Capital Group plc (LON:ICP) has “Overweight” rating given on Tuesday, January 12 by JP Morgan. The stock of Intermediate Capital Group plc (LON:ICP) earned “Buy” rating by Liberum Capital on Friday, August 28. On Thursday, February 11 the stock rating was maintained by Shore Capital with “Hold”. Liberum Capital downgraded the shares of ICP in a report on Wednesday, June 8 to “Hold” rating. JP Morgan maintained Intermediate Capital Group plc (LON:ICP) rating on Friday, July 22. JP Morgan has “Overweight” rating and GBX 630 price target.

Intermediate Capital Group plc is a specialist asset manager. The company has a market cap of 1.80 billion GBP. The Firm is the fund management firm and the investment firm (IC). It has a 13.23 P/E ratio. The Company’s funds invest across four asset categories, providing finance for corporate investments, including private debt and minority equity; capital market investments of public and private debt; real assets, principally real estate debt, and private equity secondaries funds.

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