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ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) just unveiled an update.
ICG Enterprise Trust announced the successful realisation of its investment in David Lloyd, a premium health club operator, which was its tenth largest portfolio exposure. The sale, aligned with the last reported NAV, resulted in a 28% IRR and £20 million in cash proceeds, enhancing ICGT’s liquidity and reducing its gearing ratio, thereby strengthening its financial position.
The most recent analyst rating on (GB:ICGT) stock is a Buy with a £17.90 price target. To see the full list of analyst forecasts on ICG Enterprise Trust PLC GBP stock, see the GB:ICGT Stock Forecast page.
Spark’s Take on GB:ICGT Stock
According to Spark, TipRanks’ AI Analyst, GB:ICGT is a Neutral.
ICG Enterprise Trust PLC’s overall score is driven by a mixed financial performance, with strong profitability but concerns over revenue and cash flow. Technical indicators suggest moderate upward momentum, while the valuation indicates potential overvaluation. Positive corporate events, such as share buybacks and NAV growth, bolster the outlook and enhance shareholder value.
To see Spark’s full report on GB:ICGT stock, click here.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust is a prominent private equity investor that focuses on generating long-term growth by investing in profitable, cash-generative private companies, primarily in Europe and the US. The company employs a selective investment approach, balancing concentration and diversification to achieve strong returns.
Average Trading Volume: 65,945
Technical Sentiment Signal: Buy
Current Market Cap: £955.5M
Learn more about ICGT stock on TipRanks’ Stock Analysis page.