Intertek Group plc (ITRK) Price Target Raised to GBX 4,600 at Berenberg Bank
Intertek Group plc (LON:ITRK) had its target price lifted by Berenberg Bank from GBX 4,450 ($57.77) to GBX 4,600 ($59.72) in a report issued on Monday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential downside of 4.84% from the company’s previous close.
A number of other equities analysts have also weighed in on ITRK. Shore Capital restated a “sell” rating on shares of Intertek Group plc in a research note on Tuesday, August 8th. Jefferies Group LLC upped their target price on Intertek Group plc from GBX 4,900 ($63.61) to GBX 5,300 ($68.80) and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Numis Securities Ltd restated a “hold” rating and issued a GBX 4,000 ($51.93) target price on shares of Intertek Group plc in a research note on Tuesday, May 30th. Barclays PLC restated an “equal weight” rating and issued a GBX 4,350 ($56.47) target price on shares of Intertek Group plc in a research note on Wednesday, August 2nd. Finally, Kepler Capital Markets restated a “buy” rating and issued a GBX 4,600 ($59.72) target price on shares of Intertek Group plc in a research note on Thursday, June 15th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 4,042.44 ($52.48).
Shares of Intertek Group plc (ITRK) opened at 4816.00 on Monday. Intertek Group plc has a 1-year low of GBX 3,037.39 and a 1-year high of GBX 4,880.00. The firm’s market capitalization is GBX 7.75 billion. The company has a 50-day moving average price of GBX 4,431.24 and a 200 day moving average price of GBX 4,089.42.
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In related news, insider Jean-Michel Valette bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of GBX 4,650 ($60.37) per share, for a total transaction of £465,000 ($603,660.91). Also, insider Andre Lacroix bought 5,693 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of GBX 4,295 ($55.76) per share, with a total value of £244,514.35 ($317,427.43). Following the completion of the acquisition, the insider now directly owns 299,788 shares in the company, valued at £12,875,894.60 ($16,715,428.53). Insiders have purchased a total of 17,828 shares of company stock valued at $80,879,185 over the last 90 days.
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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