Intermediate Capital Group (LON:ICG) Stock Price Down 1.7% – Time to Sell?

Intermediate Capital Group plc (LON:ICG) shares traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as GBX 2,070 ($26.88) and last traded at GBX 2,086 ($27.08). 1,059,538 shares were traded during mid-day trading, a decline of 39% from the average session volume of 1,748,106 shares. The stock had previously closed at GBX 2,122 ($27.55).

Wall Street Analysts Forecast Growth

ICG has been the subject of a number of research analyst reports. Citigroup reaffirmed a “top pick” rating on shares of Intermediate Capital Group in a research note on Friday, June 28th. Berenberg Bank started coverage on Intermediate Capital Group in a report on Wednesday. They set a “buy” rating and a GBX 2,600 ($33.76) price objective on the stock.

Intermediate Capital Group Trading Down 0.2 %

The business has a 50 day simple moving average of GBX 2,167.01. The firm has a market capitalization of £6.17 billion, a price-to-earnings ratio of 1,325.97 and a beta of 1.97.

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.