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Intermediate Capital ( (GB:ICG) ) has issued an update.
Intermediate Capital Group has repurchased 143,444 ordinary shares on the London Stock Exchange under its previously announced buyback programme, paying between 1,621.00 pence and 1,674.00 pence per share, with a volume-weighted average price of 1,648.77 pence. The acquired shares will be held in treasury and cancelled in tranches at least twice a year, leaving 290,304,630 ordinary shares in issue and 4,068,994 shares in treasury.
The buyback is designed to facilitate the issuance of an equivalent number of non-voting shares to Amundi under ICG’s strategic partnership while avoiding dilution for existing shareholders. By structuring the Amundi stake through treasury shares that will ultimately be cancelled, ICG is reinforcing its capital management discipline and signalling a shareholder-friendly approach as it deepens its distribution and product partnership with the French asset manager.
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) is a London-listed alternative asset manager focused on private credit and other non-bank financing solutions for institutional and wholesale investors. The group structures and manages investment strategies that provide capital to mid-market and larger corporates, positioning itself as a key player in Europe’s private markets ecosystem.
Average Trading Volume: 1,163,992
Technical Sentiment Signal: Hold
Current Market Cap: £4.64B
See more data about ICG stock on TipRanks’ Stock Analysis page.