Barclays reaffirms Intermediate Capital Group (ICP) ‘overweight’ rating

Intermediate Capital Group (LON:ICP – Get Rating)The stock had its “overweight” rating reissued by Barclays stock analysts in a note released Friday to investors, reports MarketBeat Ratings. They currently have a price target of 2,545 GBX ($30.42) on the stock. Barclays’ target price suggests a potential upside of 75.46% from the stock’s previous close.

Several other analysts have also published reports on the KPI. Royal Bank of Canada cut its price target on Intermediate Capital Group from 2,885 GBX ($34.49) to 2,700 GBX ($32.28) and set an ‘overweight’ rating for the company in a report Monday, May 30. Shore Capital reissued a “hold” rating on Intermediate Capital Group shares in a Thursday, May 26, report.

Intermediate Capital Group Share Performance

LON:ICP opened at 1,450.50 GBX ($17.34) on Friday. The stock has a 50-day simple moving average of 1,426.77 GBX and a two-hundred-day simple moving average of 1,624.93 GBX. Intermediate Capital Group has a 52-week minimum of 1,266 GBX ($15.13) and a 52-week maximum of 2,493 GBX ($29.80). The company has a debt ratio of 93.34, a quick ratio of 1.59 and a current ratio of 1.88. The company has a market capitalization of £4.21 billion and a PE ratio of 787.23.

Insider buying and selling

Separately, insider Michael (Rusty) Nelligan purchased 10,000 shares of the company in a trade that took place on Friday, June 10. The shares were purchased at an average cost of 1,465 GBX ($17.51) per share, for a total transaction of £146,500 ($175,134.49). In other Intermediate Capital Group news, insider Antje Hensel-Roth sold 7,121 shares of the company in a trade that took place on Wednesday, June 1. The stock was sold at an average price of 1,541 GBX ($18.42), for a total transaction of £109,734.61 ($131,183.04). Additionally, insider Michael (Rusty) Nelligan acquired 10,000 shares of the company in a trade on Friday, June 10. The shares were purchased at an average price of 1,465 GBX ($17.51) per share, for a total transaction of £146,500 ($175,134.49).

Middle Capital Group Company Profile

(Get a rating)

Intermediate Capital Group plc is a private equity firm specializing in direct and fund-of-funds investments. Within direct, he 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-private transactions with or without private equity, leveraged financing and acquisition, leveraged finance, partnership equity, management buyouts and management buyouts, secondary investments, development capital, financing of listed companies, off-balance sheet financing, refinancing and recapitalizations and pre-IPO financing.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Intermediate Capital Group right now?

Before you consider Intermediate Capital Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Intermediate Capital Group didn’t make the list.

While Intermediate Capital Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here