Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Intermediate Capital ( (GB:ICG) ) has shared an announcement.
ICG plc has repurchased 144,295 ordinary shares on the London Stock Exchange as part of its previously announced share buyback programme, executed through Merrill Lynch International. The bought-back shares, with prices ranging between 1,569.00 pence and 1,616.00 pence and a volume-weighted average of 1,584.86 pence, will be held in treasury and cancelled in tranches at least twice a year.
The buyback is designed to facilitate the issuance of an equivalent number of non-voting shares to Amundi under their strategic partnership, in a way that avoids diluting existing shareholders. Following this transaction, ICG has 290,160,335 ordinary shares in issue excluding treasury shares and 4,213,289 shares held in treasury, underscoring the company’s ongoing use of capital management tools to support strategic growth while protecting shareholder value.
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
Intermediate Capital Group (ICG) plc is a London-listed alternative asset manager that specialises in private debt, credit and equity-like financing solutions for corporates and institutional clients. The firm focuses on capital-light asset management and often uses structured balance sheet actions, including share buybacks, to support strategic partnerships and manage its capital base.
Average Trading Volume: 1,163,992
Technical Sentiment Signal: Hold
Current Market Cap: £4.64B
Find detailed analytics on ICG stock on TipRanks’ Stock Analysis page.