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Home / Momentum / Intermediate Capital (ICP.L) 18-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Intermediate Capital (ICP.L) 18-12-19

Will shares in Intermediate Capital (ICP.L) continue to rally, setting new recent highs?

 

  • Now trading at 1583p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -1% from 12-month highs; +72% from 12 month lows.

Latest News

03 Dec:  Jefferies International reiterates its buy rating on Intermediate Capital Group (ICP) and increased the target price to 1790p (from 1600p).

21 Nov:  JP Morgan Cazenove reiterates its overweight rating on Intermediate Capital Group (ICP) and increased the target price to 1720p (from 1635p).

20 Nov:  Barclays Capital reiterates its overweight rating on Intermediate Capital Group (ICP) and increased the target price to 1580p (from 1530p).

 

19 Nov:  Intermediate Capital posted an increase in profit in H1, as net assets were marginally higher. However, the company also reported reduced new business inflows.

09 Oct:  JP Morgan Cazenove reiterates its overweight rating on Intermediate Capital Group (ICP) and increased the target price to 1635p (from 1530p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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