Intermediate Capital Group (LON:ICG) Shares Down 0.4%

Intermediate Capital Group plc (LON:ICG)’s share price traded down 0.4% during trading on Thursday . The stock traded as low as GBX 2,058 ($27.06) and last traded at GBX 2,068 ($27.19). 714,657 shares traded hands during trading, a decline of 22% from the average session volume of 916,638 shares. The stock had previously closed at GBX 2,076 ($27.30).

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Intermediate Capital Group from GBX 2,798 ($36.79) to GBX 2,703 ($35.54) and set an “overweight” rating on the stock in a research report on Thursday, June 13th. Citigroup reissued a “top pick” rating on shares of Intermediate Capital Group in a report on Friday, June 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 3,036 ($39.92) target price on shares of Intermediate Capital Group in a report on Monday, May 20th.

Intermediate Capital Group Stock Performance

The stock’s fifty day moving average price is GBX 2,123.58. The stock has a market capitalization of £5.99 billion, a P/E ratio of 1,288.75 and a beta of 1.99.

About Intermediate Capital Group

We are a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications. We utilize a fabless business model and specialize in the front-end and back-end of IC design, which are the major components of the IC product development chain.