Does Intermediate Capital Group plc Have More Gas After Reaching 52-Week High?

 Does Intermediate Capital Group plc Have More Gas After Reaching 52 Week High?

The stock of Intermediate Capital Group plc (LON:ICP) hit a new 52-week high and has GBX 862.72 target or 28.00% above today’s GBX 674.00 share price. The 9 months bullish chart indicates low risk for the GBX 1.95 billion company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 862.72 price target is reached, the company will be worth GBX 546.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 498,536 shares traded hands. Intermediate Capital Group plc (LON:ICP) has declined 6.39% since April 19, 2016 and is downtrending. It has underperformed by 11.07% the S&P500.

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. GBX 954 is the highest target while GBX 524 is the lowest. The GBX 705.50 average target is 4.67% above today’s (GBX 674) stock price. Intermediate Capital Group has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, May 24 by Numis Securities. The firm has “Buy” rating given on Thursday, June 16 by Jefferies. As per Monday, November 16, the company rating was maintained by Societe Generale. The stock of Intermediate Capital Group plc (LON:ICP) earned “Buy” rating by Societe Generale on Tuesday, January 26. Liberum Capital maintained it with “Buy” rating and GBX 638 target price in Friday, August 28 report. Numis Securities maintained Intermediate Capital Group plc (LON:ICP) rating on Thursday, March 31. Numis Securities has “Hold” rating and GBX 640 price target. Liberum Capital maintained the stock with “Buy” rating in Tuesday, November 17 report. The rating was maintained by Liberum Capital with “Buy” on Tuesday, May 24. The firm has “Buy” rating given on Tuesday, February 16 by Liberum Capital. The stock of Intermediate Capital Group plc (LON:ICP) earned “Overweight” rating by JP Morgan on Wednesday, November 18.

Intermediate Capital Group plc is a specialist asset manager. The company has a market cap of 1.95 billion GBP. The Firm is the fund management firm and the investment firm (IC). It has a 14.41 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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