Intertek Group plc (ITRK) Stock Rating Upgraded by Kepler Capital Markets
Kepler Capital Markets upgraded shares of Intertek Group plc (LON:ITRK) to a buy rating in a research note issued to investors on Monday morning. They currently have GBX 4,600 ($59.84) price objective on the stock, up from their prior price objective of GBX 3,935 ($51.19).
Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 3,861 ($50.23) price target on shares of Intertek Group plc in a research report on Monday, March 13th. Numis Securities Ltd increased their price target on shares of Intertek Group plc from GBX 3,000 ($39.03) to GBX 3,500 ($45.53) and gave the stock a hold rating in a research report on Wednesday, March 8th. Royal Bank of Canada increased their price target on shares of Intertek Group plc from GBX 3,100 ($40.33) to GBX 3,200 ($41.63) and gave the stock an underperform rating in a research report on Wednesday, March 29th. Credit Suisse Group AG reissued an underperform rating on shares of Intertek Group plc in a research report on Tuesday, February 14th. Finally, Morgan Stanley increased their price target on shares of Intertek Group plc from GBX 3,680 ($47.87) to GBX 3,820 ($49.69) and gave the stock an equal weight rating in a research report on Wednesday, May 3rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 3,779.94 ($49.17).
Shares of Intertek Group plc (LON:ITRK) opened at 4240.00 on Monday. The stock’s market capitalization is GBX 6.82 billion. The stock’s 50 day moving average price is GBX 4,108.69 and its 200-day moving average price is GBX 3,640.78. Intertek Group plc has a 12 month low of GBX 3,037.39 and a 12 month high of GBX 4,332.00.
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The company 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 ($0.56) per share. This is a positive change from Intertek Group plc’s previous dividend of $19.40. The ex-dividend date of this dividend is Thursday, May 18th. This represents a dividend yield of 1.14%.
Intertek Group plc Company Profile
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.
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