Intermediate Capital Group (ICP)

Sector:

Financials

Index:

FTSE 100

2,054.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 2,099.00
  • 52 Week Low: 1,186.50
  • Currency: UK Pounds
  • Shares Issued: 290.61m
  • Volume: 403,033
  • Market Cap: £5,969m
  • RiskGrade: 149

JP Morgan says selloff in Intermediate Capital Group is 'overdone'

By Alexander Bueso

Date: Thursday 19 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Intermediate Capital Group, telling clients that the current share price was pricing "unrealistic downside scenarios".
Even if the global alternative asset manager's provisions reached the levels last seen in 2009, that had already been "more than factored into the share price".

The analysts also flagged the fact that the firm's gearing was lower and the fees from its fund management company higher than in 2009.

So, after approximately more than 25% underperformance versus its European asset management peers, JP Morgan said that the selloff was "overdone".

"The share price is either giving zero value to the Investment Company or no future growth in the Fund Management Company, both scenarios which we do not view as plausible."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ICP Market Data

Currency UK Pounds
Share Price 2,054.00p
Change Today -6.00p
% Change -0.29 %
52 Week High 2,099.00
52 Week Low 1,186.50
Volume 403,033
Shares Issued 290.61m
Market Cap £5,969m
RiskGrade 149

ICP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.31% below the market average19.31% below the market average19.31% below the market average19.31% below the market average19.31% below the market average
56.19% below the sector average56.19% below the sector average56.19% below the sector average56.19% below the sector average56.19% below the sector average
Price Trend
93.26% above the market average93.26% above the market average93.26% above the market average93.26% above the market average93.26% above the market average
93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average
Income
3.15% below the market average3.15% below the market average3.15% below the market average3.15% below the market average3.15% below the market average
48.48% below the sector average48.48% below the sector average48.48% below the sector average48.48% below the sector average48.48% below the sector average
Growth
72.36% below the market average72.36% below the market average72.36% below the market average72.36% below the market average72.36% below the market average
53.7% below the sector average53.7% below the sector average53.7% below the sector average53.7% below the sector average53.7% below the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 2
Sell 0
Strong Sell 0
Total 15
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 07-Dec-23 15-Jun-23
Paid 08-Jan-24 04-Aug-23
Amount 25.80p 52.20p

Trades for 28-Mar-2024

Time Volume / Share Price
17:19 1,377 @ 2,053.92p
16:58 117 @ 2,062.14p
16:35 246,297 @ 2,054.00p
16:35 176 @ 2,054.00p
16:35 868 @ 2,054.00p

ICP Key Personnel

CEO Benoit Durteste
Chair William Rucker

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