Intermediate Capital Group gives excuse for optimism
Independent analyst Alistair Strang has a soft spot for this FTSE 100 company which he thinks is capable of hitting a record high. Here's why.
5th June 2025 07:46
by Alistair Strang from Trends and Targets
An interesting company, they seem quite clear on what they actually do, rather than making the reason for their existence vanish in a bucket of word spaghetti. From an in-house perspective, this is the sort of company we hope will knock on our door one day, offer a ridiculous amount of money for our logic tree, then vanish into the night!
- Invest with ii:Open a Stocks & Shares ISA | Top ISA Funds | Transfer your ISA to ii
We find Intermediate Capital Group (LSE:ICG) interesting as they look like the sort of company capable of assisting small fry through the difficult growth phase.
Now above 2,086p should prove useful, giving an initial target level at 2,224p with our secondary, if beaten, an eventual visit to 2,378p.
Visually, such an ambition is difficult, given a high which is below the price movements earlier this year. But it does dump the price into a zone, where a longer-term all-time high of 2,694p apparently becomes possible.
For things to go wrong, below 1,990p should serve the first trigger, hitting a reversal cycle to an eventual 1,537p. Visually, this scenario makes some sense, creating a picture of a “double bottom” which is sure to get the markets excited.
Our gut feeling is an expectation this is a share price heating toward almost the 2,700p level.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.