Royal Bank Of Canada Downgrades Intertek Group plc (ITRK) to Underperform
Intertek Group plc (LON:ITRK) was downgraded by equities research analysts at Royal Bank Of Canada to an “underperform” rating in a research report issued on Thursday.
Several other brokerages also recently weighed in on ITRK. Deutsche Bank AG upped their target price on shares of Intertek Group plc from GBX 3,100 ($38.37) to GBX 3,500 ($43.32) and gave the company a “hold” rating in a research note on Friday, July 29th. BNP Paribas restated a “neutral” rating and issued a GBX 3,500 ($43.32) target price on shares of Intertek Group plc in a research note on Monday, August 15th. Shore Capital restated a “sell” rating on shares of Intertek Group plc in a research note on Friday, July 22nd. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 4,010 ($49.63) target price on shares of Intertek Group plc in a research note on Thursday, September 8th. Finally, Baader Bank restated a “hold” rating and issued a GBX 3,300 ($40.84) target price on shares of Intertek Group plc in a research note on Monday, August 1st. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 3,321.88 ($41.11).
Shares of Intertek Group plc (LON:ITRK) opened at 3574.00 on Thursday. Intertek Group plc has a one year low of GBX 2,511.00 and a one year high of GBX 3,806.00. The firm’s market capitalization is GBX 5.75 billion. The stock has a 50 day moving average of GBX 3,554.19 and a 200-day moving average of GBX 3,399.80.
The company 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 ($0.24) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.55%.
About Intertek Group plc
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