JPMorgan Chase & Co. Cuts Intertek Group (ITRK) Price Target to GBX 5,500
Intertek Group (LON:ITRK) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from GBX 5,550 ($72.52) to GBX 5,500 ($71.87) in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 17.07% from the company’s previous close.
Several other research analysts have also recently issued reports on ITRK. UBS Group restated a “neutral” rating and issued a GBX 5,400 ($70.56) target price on shares of Intertek Group in a report on Friday, November 23rd. Shore Capital restated a “hold” rating on shares of Intertek Group in a report on Tuesday, November 27th. Deutsche Bank restated a “hold” rating on shares of Intertek Group in a report on Wednesday, November 28th. Goldman Sachs Group upped their target price on shares of Intertek Group from GBX 5,330 ($69.65) to GBX 5,600 ($73.17) and gave the company a “neutral” rating in a report on Monday, January 21st. Finally, Berenberg Bank cut shares of Intertek Group to a “hold” rating and lowered their target price for the company from GBX 5,500 ($71.87) to GBX 4,800 ($62.72) in a report on Thursday, February 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 5,110 ($66.77).
Shares of Intertek Group stock opened at GBX 4,698 ($61.39) on Wednesday. Intertek Group has a 12-month low of GBX 3,826 ($49.99) and a 12-month high of GBX 5,470 ($71.48).
Intertek Group Company Profile
Intertek Group plc provides quality and safety solutions to various industries worldwide. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.
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