Citi cuts target for Intermediate Capital stock to GBp 24.00

Published on 10/15/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi cut its target from GBp 24.20 to GBp 24.00 on October 12, 2026. Intermediate Capital stock costs EUR 21.10 on October 15, 2026.

Target change and company scale

Citi cut its target from GBp 24.20 to GBp 24.00 on October 12, 2026.
ICG reported USD 126.00 billion of assets under management at June 30, 2026.
Intermediate Capital stock traded at EUR 21.10 at 1:13 p.m. CEST at Lang & Schwarz on October 15, 2026.

Intermediate Capital, GB00BYT1DJ19, Illustration mit AI erstellt.

Intermediate Capital stock (ISIN GB00BYT1DJ19) was trading at EUR 21.10 at Lang & Schwarz on October 15, 2026 at 1:13 p.m. CEST. Citi cut its target from GBp 24.20 to GBp 24.00 and kept a Buy rating on October 12, 2026, according to Markets Insider.

Target reset puts scale in view

The adjustment leaves Citi's target at GBp 24.00, while the latest company figures show the scale supporting Intermediate Capital's alternative-asset platform. The company reported USD 126.00 billion of assets under management at June 30, 2026, up 5 percent year on year on a constant-currency basis, according to Intermediate Capital.

Fee-related earnings were GBP 350.00 million and fee-related earnings per share were 120.00 pence for the 12 months to March 31, 2026. Management fee income reached GBP 685.00 million over the same period, with the company identifying a 13 percent year-on-year increase in fee-related earnings.

What does the latest target imply?

Jefferies maintained a Buy rating and set a GBp 27.00 target on October 12, 2026, according to Markets Insider. The two target updates point to differing valuation views on the same reporting base, with Citi taking a cautious step while Jefferies retained its higher target.

Three dates shape the story

On July 15, 2026, ICG published its trading update for the three months ended June 30, 2026. On September 17, 2026, ICG and Amundi completed an equity partnership. On October 12, 2026, Citi cut its target to GBp 24.00, making the analyst action the latest dated development.

Next dates for shareholders

ICG's next half-year results announcement is scheduled for November 11, 2026, and the shareholder calendar lists the ordinary dividend payment for July 31, 2026, according to Intermediate Capital.

Stock price and investor context

Intermediate Capital is listed on the London Stock Exchange under ticker ICG and is a constituent of the FTSE 100. Its business spans private debt, private equity secondaries, structured capital, real assets and liquid credit, giving the target revisions a direct connection to fundraising, fee income and investment performance.

The stock was trading at EUR 21.10 at Lang & Schwarz on October 15, 2026 at 1:13 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Intermediate Capital stock.