Shares of Intermediate Capital Group plc (LON: PKI – Get a rating) hit a new 52-week low during Thursday’s session. The company traded as low as 1,283 GBX ($15.74) and last traded at 1,285 GBX ($15.76), with trading volume of 93,582 shares. The stock had previously closed at 1,345.50 GBX ($16.51).
ICP has been the subject of a number of recent analyst reports. Barclays restated an “overweight” rating and set a target price of 2,545 GBX ($31.22) on Intermediate Capital Group shares in a Monday, May 23 report. Shore Capital reaffirmed a “conservation” rating on Intermediate Capital Group shares in a Thursday, May 26, report. Finally, Royal Bank of Canada lowered its price target on Intermediate Capital Group shares from 2,885 GBX ($35.39) to 2,700 GBX ($33.12) and set an “overweight” rating. on the action in a report on Monday, May 30.
The stock has a market capitalization of £3.77 billion and a price-earnings ratio of 7.27. The company’s fifty-day simple moving average is 1,454.64 GBX and its 200-day simple moving average is 1,702.62 GBX. The company has a quick ratio of 1.59, a current ratio of 1.88 and a debt ratio of 93.34.
The company also recently announced a dividend, which will be paid on Friday, August 5. Shareholders of record on Thursday, June 16 will receive a dividend of 57.30 GBX ($0.70). This is an increase from Intermediate Capital Group’s previous dividend of $18.70. This represents a dividend yield of 3.93%. The ex-dividend date is Thursday, June 16. Intermediate Capital Group’s payout ratio is currently 0.32%.
In other Intermediate Capital Group news, insider Michael (Rusty) Nelligan purchased 10,000 shares of Intermediate Capital Group in a trade dated Friday, June 10. The share was bought at an average price of 1,465 GBX ($17.97) per share, with a total value of £146,500 ($179,732.55). Additionally, insider Antje Hensel-Roth sold 7,121 shares of the company in a trade dated Wednesday, June 1. The shares were sold at an average price of 1,541 GBX ($18.91), for a total transaction of £109,734.61 ($134,627.17).
About Intermediate Capital Group (LON: PKI)
Intermediate Capital Group plc is a private equity firm specializing in direct and fund-of-funds investments. Within direct, he specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public-private transactions with or without private equity, leveraged financing and acquisition, leveraged finance, partnership equity, management buyouts and management buyouts, secondary investments, development capital, financing of listed companies, off-balance sheet financing, refinancing and recapitalizations and pre-IPO financing.
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