Intermediate Capital Group (LON:ICG) Sets New 52-Week Low - Here's What Happened

Shares of Intermediate Capital Group plc (LON:ICG - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 1,530 and last traded at GBX 1,539, with a volume of 3677786 shares. The stock had previously closed at GBX 1,585.Analysts Set New Price TargetsICG has been the subject of a number of research reports. Panmure Gordon reissued a "buy" rating and set a GBX 2,450 price target on shares of Intermediate Capital Group in a research report on Wednesday, November 19th. UBS Group restated a "neutral" rating and issued a GBX 2,250 price objective on shares of Intermediate Capital Group in a report on Friday, January 16th. Citigroup lifted their price objective on Intermediate Capital Group from GBX 2,470 to GBX 2,550 and gave the company a "buy" rating in a research note on Monday, January 5th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,900 target price on shares of Intermediate Capital Group in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,565.14.View Our Latest Research Report on ICGIntermediate Capital Group Trading Down 2.9%The company has a market cap of £4.47 billion, a P/E ratio of 7.56 and a beta of 1.43. The company's 50-day moving average price is GBX 1,842.21 and its two-hundred day moving average price is GBX 2,005.87. Insider Transactions at Intermediate Capital GroupIn other news, insider Matthew Lester purchased 504 shares of Intermediate Capital Group stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of GBX 1,584 per share, with a total value of £7,983.36. Insiders own 2.50% of the company's stock. About Intermediate Capital Group (Get Free Report)ICG LSE: ICG is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients' capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.Featured ArticlesFive stocks we like better than Intermediate Capital GroupThe gold chart Wall Street is terrified of…America’s 1776 happening againWhat a Former CIA Agent Knows About the Coming CollapseElon Musk already made me a “wealthy man”Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Intermediate Capital Group Right Now?Before you consider Intermediate Capital Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intermediate Capital Group wasn't on the list.While Intermediate Capital Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here