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

Intermediate Capital Group plc (LON:ICG)’s share price was down 0.5% during mid-day trading 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).

Analyst Upgrades and Downgrades

Several research firms have weighed in on ICG. JPMorgan Chase & Co. decreased their target price on shares of Intermediate Capital Group from GBX 2,798 ($37.47) to GBX 2,703 ($36.19) and set an “overweight” rating on the stock in a report on Thursday, June 13th. Citigroup reiterated a “top pick” rating on shares of Intermediate Capital Group in a report on Friday, June 28th.

Intermediate Capital Group Stock Down 0.5 %

The stock’s fifty day moving average price is GBX 2,141.01. The company has a market cap of £6.78 billion, a PE ratio of 1,457.50 and a beta of 1.97.

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.