Intertek Group plc (ITRK) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Intertek Group plc (LON:ITRK) have been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 4,098.60 ($53.01).
ITRK has been the topic of a number of analyst reports. Kepler Capital Markets reissued a “buy” rating and issued a GBX 4,600 ($59.49) price target on shares of Intertek Group plc in a research note on Thursday, June 15th. Goldman Sachs Group, Inc. (The) increased their price target on Intertek Group plc from GBX 4,470 ($57.81) to GBX 4,510 ($58.33) and gave the company a “buy” rating in a research note on Tuesday, May 30th. Jefferies Group LLC increased their price target on Intertek Group plc from GBX 4,900 ($63.37) to GBX 5,300 ($68.55) and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Morgan Stanley increased their price target on Intertek Group plc from GBX 3,820 ($49.41) to GBX 3,850 ($49.79) and gave the company an “equal weight” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 4,000 ($51.73) price target on shares of Intertek Group plc in a research note on Tuesday, May 30th.
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In other news, insider David E. Reid bought 2,135 shares of the stock in a transaction on Monday, August 7th. The stock was purchased at an average price of GBX 4,650 ($60.14) per share, for a total transaction of £99,277.50 ($128,398.22). Also, insider Jean-Michel Valette bought 10,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average price of GBX 4,650 ($60.14) per share, with a total value of £465,000 ($601,396.79).
Intertek Group plc (ITRK) traded up 1.09% during mid-day trading on Wednesday, reaching GBX 5020.00. The company’s stock had a trading volume of 232,358 shares. The firm has a 50 day moving average price of GBX 4,536.33 and a 200-day moving average price of GBX 4,146.31. Intertek Group plc has a 1-year low of GBX 3,037.39 and a 1-year high of GBX 5,025.00. The company’s market capitalization is GBX 8.08 billion.
The company also recently announced a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 28th will be issued a dividend of GBX 23.50 ($0.30) per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Thursday, September 28th.
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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