Intermediate Capital Group plc (LON:ICP) Given Consensus Recommendation of “Buy” by Brokerages

Intermediate Capital Group plc (LON:ICP) has earned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,401 ($18.31).

A number of analysts have recently issued reports on ICP shares. Barclays reaffirmed an “overweight” rating on shares of Intermediate Capital Group in a report on Monday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intermediate Capital Group in a report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Intermediate Capital Group from GBX 1,450 ($18.95) to GBX 1,530 ($19.99) and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Numis Securities reaffirmed a “buy” rating and set a GBX 1,350 ($17.64) price objective on shares of Intermediate Capital Group in a report on Wednesday, May 22nd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Intermediate Capital Group in a report on Wednesday, June 5th.

LON ICP opened at GBX 1,359 ($17.76) on Wednesday. Intermediate Capital Group has a 52-week low of GBX 899 ($11.75) and a 52-week high of GBX 1,380 ($18.03). The company has a debt-to-equity ratio of 89.18, a current ratio of 1.68 and a quick ratio of 1.43. The company has a market cap of $3.86 billion and a P/E ratio of 21.44. The stock’s fifty day moving average is GBX 1,284.60.

The business also recently disclosed a dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, June 13th will be issued a dividend of GBX 35 ($0.46) per share. This is an increase from Intermediate Capital Group’s previous dividend of $10.00. This represents a dividend yield of 2.75%. The ex-dividend date is Thursday, June 13th. Intermediate Capital Group’s payout ratio is currently 0.71%.

In related news, insider Benoit Durteste sold 257,834 shares of Intermediate Capital Group stock in a transaction on Saturday, June 1st. The shares were sold at an average price of GBX 1,314 ($17.17), for a total value of £3,387,938.76 ($4,426,942.06). Also, insider Philip Keller sold 100,000 shares of Intermediate Capital Group stock in a transaction on Thursday, June 6th. The stock was sold at an average price of GBX 1,339 ($17.50), for a total transaction of £1,339,000 ($1,749,640.66). Insiders have sold a total of 457,834 shares of company stock valued at $601,193,876 over the last ninety days.

About Intermediate Capital Group

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

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Analyst Recommendations for Intermediate Capital Group (LON:ICP)

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