Citigroup Issues Positive Forecast for Intermediate Capital Group (LON:ICG) Stock Price

Intermediate Capital Group (LON:ICG) had its price target increased by Citigroup from GBX 2,720 ($33.60) to GBX 2,730 ($33.72) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank initiated coverage on shares of Intermediate Capital Group in a research note on Wednesday, October 23rd. They set a “buy” rating and a GBX 2,600 ($32.11) price objective on the stock.

Intermediate Capital Group Trading Up 0.2 %

Shares of Intermediate Capital Group stock opened at GBX 2,320 ($28.66) on Thursday. The business has a fifty day simple moving average of GBX 2,101.18 and a two-hundred day simple moving average of GBX 2,130.34. The firm has a market capitalization of £6.74 billion, a P/E ratio of 1,450.00 and a beta of 1.97. Intermediate Capital Group has a 12 month low of GBX 1,852 ($22.88) and a 12 month high of GBX 2,448 ($30.24).

Intermediate Capital Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 26.30 ($0.32) per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 1.17%. Intermediate Capital Group’s payout ratio is presently 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.