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An update from Intermediate Capital ( (GB:ICG) ) is now available.
ICG plc has continued executing its recently launched share buyback programme, repurchasing 96,696 ordinary shares on the London Stock Exchange at prices between 1,679.00 pence and 1,733.00 pence, with a volume-weighted average price of 1,716.82 pence. Following this transaction, the group has 290,543,595 ordinary shares in issue, with a further 3,830,029 shares held in treasury.
The buyback is designed to support ICG’s strategic partnership with Amundi by enabling the issuance of non-voting shares to the French asset manager on a non-dilutive basis for existing shareholders. The repurchased shares will be held in treasury and cancelled in tranches at least twice a year, underscoring ICG’s focus on capital management and alignment with investors as it deepens its distribution and product collaboration with Amundi.
The most recent analyst rating on (GB:ICG) stock is a Hold with a £1797.00 price target. To see the full list of analyst forecasts on Intermediate Capital stock, see the GB:ICG Stock Forecast page.
Spark’s Take on GB:ICG Stock
According to Spark, TipRanks’ AI Analyst, GB:ICG is a Neutral.
The score is anchored by solid underlying financial results and a constructive earnings-call outlook, supported by an attractive P/E and dividend yield. These positives are meaningfully offset by weak technicals (price below key moving averages and strongly negative momentum) and cash flow deterioration highlighted in the financial statement analysis.
To see Spark’s full report on GB:ICG stock, click here.
More about Intermediate Capital
ICG plc, also known as Intermediate Capital Group, is a London-listed alternative asset manager specialising in private debt, credit and equity-like solutions for institutional investors. The firm operates globally, focusing on providing flexible capital to mid-market and larger companies while managing funds on behalf of pension plans, insurers and other long-term allocators.
Average Trading Volume: 1,128,541
Technical Sentiment Signal: Hold
Current Market Cap: £4.74B
Find detailed analytics on ICG stock on TipRanks’ Stock Analysis page.