The stock of Intermediate Capital Group plc (LON:ICP) hit a new 52-week high and has GBX 743.98 target or 7.00% above today’s GBX 695.31 share price. The 5 months bullish chart indicates low risk for the GBX 2.02 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the GBX 743.98 price target is reached, the company will be worth GBX 141.40 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. The stock decreased 1.58% or GBX 11.19 on November 28, hitting GBX 695.31. About 362,631 shares traded hands. Intermediate Capital Group plc (LON:ICP) has risen 2.28% since April 29, 2016 and is uptrending. It has underperformed by 3.73% the S&P500.
Intermediate Capital Group plc (LON:ICP) Ratings Coverage
Out of 9 analysts covering Intermediate Capital Group (LON:ICP), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. GBX 954 is the highest target while GBX 524 is the lowest. The GBX 725.75 average target is 4.38% above today’s (GBX 695.31) stock price. Intermediate Capital Group has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, November 11 by Societe Generale. As per Tuesday, September 13, the company rating was maintained by JP Morgan. Liberum Capital maintained Intermediate Capital Group plc (LON:ICP) on Tuesday, November 17 with “Buy” rating. Numis Securities maintained Intermediate Capital Group plc (LON:ICP) rating on Tuesday, July 21. Numis Securities has “Hold” rating and GBX 550 price target. Goldman Sachs maintained it with “Neutral” rating and GBX 658 target price in Tuesday, September 29 report. Liberum Capital downgraded it to “Hold” rating and GBX 692 target price in Wednesday, June 8 report. On Tuesday, August 2 the stock rating was maintained by JP Morgan with “Overweight”. JP Morgan maintained the shares of ICP in a report on Wednesday, June 29 with “Overweight” rating. The company was maintained on Thursday, September 24 by Macquarie Research. On Tuesday, January 26 the stock rating was maintained by Societe Generale with “Buy”.
Intermediate Capital Group plc is a specialist asset manager. The company has a market cap of 2.02 billion GBP. The Firm is the fund management firm and the investment firm (IC). It has a 14.86 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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