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

Shares of Intermediate Capital Group plc (LON:ICG) fell 0.4% 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 changed 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).

Analyst Ratings Changes

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

Intermediate Capital Group Stock Performance

The firm has a market cap of £5.99 billion, a PE ratio of 1,288.75 and a beta of 1.99. The company has a 50 day simple moving average of GBX 2,123.58.

Intermediate Capital Group Company Profile

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.