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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 1,853.00p
Change Today:
42.00p
Market Cap:
5,384m
Sector:
Financial Services

JP Morgan stays 'underweight' on Ashmore and Hargreaves Lansdown due to valuations

By Alexander Bueso

Date: Tuesday 12 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan reiterated their 'underweight' stance on shares of asset managers Ashmore and Hargreaves Lansdown, arguing that their valuation premium versus peers was too generous.
Nonetheless, they revised higher their medium-term estimates for earnings per share in the sector on the back of the strong end to 2020 in financial markets.

Marking-to-market their EPS estimates for 2020-22 were bumped up by roughly 2.8%, 2.7% and 2.8%, respectively, although their projections for flows were "largely unchanged".

Indeed, they also stayed at 'overweight' for Amundi, DWS, Man Group, Intermediate Capital Group and Quilter.

In the case of Ashmore and Hargreaves Lansdown on the other hand they believed that the "extent of the premium valuations vs. the sector as less than fully justified", although market trends were expected to remain supportive.

Linked to the above, they lifted most of their target prices for the UK listed asset managers in their coverage, with that for Ashmore rising from 385.0p to 415.0p, for Hargreaves Lansdown from 1m390.0p to 1,450.0p, for Quilter from 180.0p to 186.0p, for Jupiter Fund Management from 310.0p to 330.0p and for Man Group from 150.0p to 170.0p.

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ICP Market Data

Currency UK Pounds
Price 1,853.00p
Change Today 42.00p
52 Week High 1,925.00p
52 Week Low 559.50p
Volume 439,052
Shares Issued 290.54m
Market Cap 5,384m

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 2
Neutral 0
Sell 0
Strong Sell 1
Total 9
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 08-Mar-2021

Time Volume / Share Price
16:35 181,819 @ 1,853.00p
16:29 1 @ 1,848.00p
16:29 57 @ 1,847.00p
16:29 8 @ 1,847.00p
16:29 2 @ 1,846.00p

ICP Key Personnel

CEO Benoit Durteste
Chair Davies of Abersoch