Intertek Group plc (LON:ITRK) was upgraded by research analysts at Jefferies Group to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a GBX 4,300 ($56.13) price objective on the stock, up from their prior price objective of GBX 3,000 ($39.16). Jefferies Group’s price target suggests a potential upside of 21.40% from the company’s previous close.
A number of other brokerages have also commented on ITRK. Deutsche Bank AG lifted their price objective on Intertek Group plc from GBX 3,100 ($40.46) to GBX 3,500 ($45.69) and gave the stock a “hold” rating in a research report on Friday, July 29th. BNP Paribas reiterated a “neutral” rating and issued a GBX 3,500 ($45.69) price objective on shares of Intertek Group plc in a research report on Monday, August 15th. Royal Bank Of Canada lowered Intertek Group plc to a “sector performer” rating and lifted their price objective for the stock from GBX 3,050 ($39.81) to GBX 3,400 ($44.38) in a research report on Wednesday, July 27th. Shore Capital reiterated a “sell” rating on shares of Intertek Group plc in a research report on Friday, July 22nd. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 4,010 ($52.34) price objective on shares of Intertek Group plc in a research report on Thursday, September 8th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,321.88 ($43.36).
Intertek Group plc (LON:ITRK) opened at 3542.00 on Tuesday. Intertek Group plc has a one year low of GBX 2,504.00 and a one year high of GBX 3,706.00. The stock has a 50 day moving average price of GBX 3,538.17 and a 200-day moving average price of GBX 3,373.77. The firm’s market cap is GBX 5.70 billion.
The company also recently announced a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a GBX 19.40 ($0.25) dividend. This represents a yield of 0.55%. The ex-dividend date is Thursday, September 29th.
About Intertek Group plc
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