Intermediate Capital Group (LON:ICG) Now Covered by Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Intermediate Capital Group (LON:ICG) in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a GBX 2,600 ($33.76) target price on the stock.

Separately, Citigroup reissued a “top pick” rating on shares of Intermediate Capital Group in a research report on Friday, June 28th.

Intermediate Capital Group Trading Up 1.9 %

LON ICG traded up GBX 40 ($0.52) on Wednesday, reaching GBX 2,126 ($27.60). The company had a trading volume of 567,066 shares, compared to its average volume of 1,739,357. The firm has a market cap of £6.18 billion, a price-to-earnings ratio of 1,327.50 and a beta of 1.97. Intermediate Capital Group has a fifty-two week low of GBX 1,852 ($24.05) and a fifty-two week high of GBX 2,448 ($31.78). The business has a 50 day moving average price of GBX 2,166.82.

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.