Intertek Group plc (ITRK) Given Average Rating of “Hold” by Brokerages
Shares of Intertek Group plc (LON:ITRK) have received an average recommendation of “Hold” from the seventeen analysts that are covering the firm. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 3,745.64 ($47.14).
Several research analysts recently weighed in on ITRK shares. Citigroup Inc reaffirmed a “sell” rating on shares of Intertek Group plc in a research note on Monday, March 13th. Credit Suisse Group AG downgraded Intertek Group plc to an “underperform” rating and reduced their target price for the company from GBX 3,400 ($42.79) to GBX 3,200 ($40.28) in a report on Tuesday, January 17th. Berenberg Bank raised Intertek Group plc to a “buy” rating and upped their target price for the company from GBX 3,600 ($45.31) to GBX 4,000 ($50.35) in a report on Thursday, January 19th. Deutsche Bank AG raised Intertek Group plc to a “buy” rating and upped their target price for the company from GBX 3,300 ($41.54) to GBX 4,150 ($52.23) in a report on Thursday, March 16th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a GBX 3,850 ($48.46) target price on shares of Intertek Group plc in a report on Monday, March 20th.
COPYRIGHT VIOLATION WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/04/21/brokerages-set-intertek-group-plc-itrk-price-target-at-3712-21-updated.html.
Intertek Group plc (LON:ITRK) traded up 0.13% during mid-day trading on Friday, hitting GBX 3950.00. 331,306 shares of the stock traded hands. The stock’s market cap is GBX 6.36 billion. Intertek Group plc has a 12-month low of GBX 3,037.39 and a 12-month high of GBX 4,073.00. The company has a 50 day moving average of GBX 3,900.11 and a 200-day moving average of GBX 3,536.74.
The business also recently disclosed a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th will be issued a dividend of GBX 43 ($0.54) per share. This is a positive change from Intertek Group plc’s previous dividend of $19.40. The ex-dividend date is Thursday, May 18th. This represents a dividend yield of 1.14%.
About Intertek Group plc
Intertek Group PLC is a United Kingdom-based company, which offers quality assurance services. The Company’s segments include Products, Trade and Resources. The Products-related division consists of business lines that are focused on ensuring the quality and safety of physical components and products, as well minimizing risk through assessing the operating process and quality management systems of its customers.
Receive News & Stock Ratings for Intertek Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertek Group plc and related stocks with our FREE daily email newsletter.