Intertek Group plc (ITRK) Rating Increased to Buy at Jefferies Group
Intertek Group plc (LON:ITRK) was upgraded by Jefferies Group to a “buy” rating in a report issued on Tuesday. The firm currently has a GBX 4,300 ($56.13) price objective on the stock, up from their prior price objective of GBX 3,000 ($39.16). Jefferies Group’s price objective suggests a potential upside of 21.40% from the stock’s previous close.
Several other analysts have also recently issued reports on ITRK. Shore Capital reaffirmed a “sell” rating on shares of Intertek Group plc in a report on Tuesday, June 14th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 3,300 ($43.08) price target on shares of Intertek Group plc in a report on Monday, June 27th. Baader Bank reaffirmed a “hold” rating and issued a GBX 3,300 ($43.08) price target on shares of Intertek Group plc in a report on Monday, August 1st. Kepler Capital Markets assumed coverage on shares of Intertek Group plc in a report on Monday, June 13th. They issued a “hold” rating and a GBX 3,480 ($45.42) price target on the stock. Finally, Numis Securities Ltd cut shares of Intertek Group plc to a “reduce” rating and upped their price target for the company from GBX 2,800 ($36.55) to GBX 3,100 ($40.46) in a report on Tuesday, August 2nd. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 3,321.88 ($43.36).
Shares of Intertek Group plc (LON:ITRK) opened at 3542.00 on Tuesday. The company has a 50 day moving average of GBX 3,538.17 and a 200 day moving average of GBX 3,373.77. The firm’s market cap is GBX 5.70 billion. Intertek Group plc has a 52 week low of GBX 2,504.00 and a 52 week high of GBX 3,706.00.
The business also recently disclosed a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be issued a GBX 19.40 ($0.25) dividend. This represents a yield of 0.55%. The ex-dividend date is Thursday, September 29th.
About Intertek Group plc
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