Intermediate Capital Group (LON:ICG) Trading Down 0.5%

Intermediate Capital Group plc (LON:ICG)’s stock price dropped 0.5% on Friday . The stock traded as low as GBX 2,296 ($30.74) and last traded at GBX 2,332 ($31.23). Approximately 589,590 shares traded hands during trading, a decline of 68% from the average daily volume of 1,861,568 shares. The stock had previously closed at GBX 2,344 ($31.39).

Analysts Set New Price Targets

ICG has been the subject of a number of research reports. Citigroup restated a “top pick” rating on shares of Intermediate Capital Group in a research report on Friday, June 28th. JPMorgan Chase & Co. decreased their price target on shares of Intermediate Capital Group from GBX 2,798 ($37.47) to GBX 2,703 ($36.19) and set an “overweight” rating for the company in a report on Thursday, June 13th.

Intermediate Capital Group Stock Down 0.5 %

The company has a market capitalization of £6.78 billion, a price-to-earnings ratio of 1,457.50 and a beta of 1.97. The firm has a 50 day simple moving average of GBX 2,145.85.

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.