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

Berenberg Bank began coverage on shares of Intermediate Capital Group (LON:ICG) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a GBX 2,600 ($33.76) price target on the stock.

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

ICG stock opened at GBX 2,114 ($27.45) on Wednesday. Intermediate Capital Group has a 1-year low of GBX 1,852 ($24.05) and a 1-year high of GBX 2,448 ($31.78). The business’s 50 day simple moving average is GBX 2,167.01. The firm has a market cap of £6.14 billion, a price-to-earnings ratio of 1,321.25 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.