Intermediate Capital Group (LON:ICG) Now Covered by Berenberg Bank

Equities researchers at Berenberg Bank began coverage on shares of Intermediate Capital Group (LON:ICG) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a GBX 2,600 ($33.76) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 22.76% 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 Price Performance

Shares of LON:ICG opened at GBX 2,118 ($27.50) on Wednesday. The stock has a market capitalization of £6.16 billion, a price-to-earnings ratio of 1,328.75 and a beta of 1.97. Intermediate Capital Group has a 52-week low of GBX 1,852 ($24.05) and a 52-week high of GBX 2,448 ($31.78). The stock has a fifty day moving average of GBX 2,166.94.

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.