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Prices & Quotes - UK Markets - Intermediate Capital Group (ICP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,712.00p
Change Today:
51.00p
Market Cap:
5,036m
Sector:
Financial Services

Canaccord Genuity hikes target for Intermediate Capital Group

By Alexander Bueso

Date: Thursday 13 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity hiked their target price for shares of Intermediate Capital Group after revising their earnings estimates for the alternative asset manager fir the next three years higher.
The main reason for the target price change was the higher price-to-earnings multiple now assigned by the broker to the firm's fund management arm for 2020 of 27.4, versus 21.5 beforehand and on a par with rival Partners Group.

Canaccord however continued to value ICP's investment company at price-to-net asset value multiple of 1.0.

Combined, the change in methodology meant that the target price was raised from 1,650.0p to 2,027.0p.

The analysts also raised their estimates for Intermediate Capital Group's earnings in 2020-22 by 9.0%, 7.0% and 7.0%, respectively.

"Currently, we view it as too early to apply the Partners Group PE rating to total group earnings (rather than just the FMC) but if it were the resulting value would be 2684p, all other factors being equal," they added.

"Investors need to be more discerning, and we have a strong bias for alternative asset managers, where we believe managers with a compelling niche &/or strong brand will prosper. ICP fits firmly into this category."

Canaccord kept its recommendation for the shares at 'buy'.



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ICP Market Data

Currency UK Pounds
Price 1,712.00p
Change Today 51.00p
52 Week High 1,877.00p
52 Week Low 559.50p
Volume 465,345
Shares Issued 294.18m
Market Cap 5,036m

Performance Indicators

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Income
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Operating Margin
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What The Brokers Say

Strong Buy 8
Buy 1
Neutral 1
Sell 0
Strong Sell 1
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ICP Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Dec-20 18-Jun-20
Paid 08-Jan-21 05-Aug-20
Amount 17.00p 35.80p

Trades for 03-Dec-2020

Time Volume / Share Price
16:39 3,541 @ 1,712.00p
16:35 3,709 @ 1,712.00p
16:35 1,103 @ 1,712.00p
16:35 153,748 @ 1,712.00p
16:29 3 @ 1,723.00p

ICP Key Personnel

CEO Benoit Durteste
Chair Davies of Abersoch