Intermediate Capital Group (LON:ICG) Research Coverage Started at Berenberg Bank

Analysts at Berenberg Bank began coverage on shares of Intermediate Capital Group (LON:ICG) in a report issued on Wednesday, Digital Look reports. The firm set a “buy” rating and a GBX 2,600 ($33.76) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 22.07% from the company’s current price.

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

Intermediate Capital Group Trading Up 2.1 %

LON:ICG traded up GBX 44 ($0.57) during trading hours on Wednesday, reaching GBX 2,130 ($27.66). The company had a trading volume of 534,244 shares, compared to its average volume of 1,739,114. The company has a market capitalization of £6.19 billion, a price-to-earnings ratio of 1,327.50 and a beta of 1.97. The stock has a 50-day moving average price of GBX 2,166.82. Intermediate Capital Group has a twelve month low of GBX 1,852 ($24.05) and a twelve month high of GBX 2,448 ($31.78).

About Intermediate Capital Group

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.