Intertek Group Downgraded to Neutral at Credit Suisse (ITRK)
Intertek Group (LON:ITRK) was downgraded by research analysts at Credit Suisse to a “neutral” rating in a report released on Friday, AmericanBankingNews.com reports. They currently have a GBX 3,200 ($52.74) price target on the stock, down from their previous price target of GBX 3,500 ($57.68). Credit Suisse’s price target would indicate a potential upside of 10.00% from the company’s current price.
ITRK has been the subject of a number of other recent research reports. Analysts at Berenberg Bank downgraded shares of Intertek Group to a “hold” rating in a research note to investors on Thursday. They now have a GBX 3,000 ($49.44) price target on the stock, down previously from GBX 3,300 ($54.38). Separately, analysts at Natixis downgraded shares of Intertek Group to a “reduce” rating in a research note to investors on Tuesday. They now have a GBX 2,800 ($46.14) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe cut their price target on shares of Intertek Group from GBX 3,175 ($52.32) to GBX 3,065 ($50.51) in a research note to investors on Thursday, November 21st. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 3,464.96 ($57.10).
Shares of Intertek Group (LON:ITRK) traded up 1.04% during mid-day trading on Friday, hitting GBX 2909.00. 557,066 shares of the company’s stock traded hands. Intertek Group has a 52 week low of GBX 2783.8799 and a 52 week high of GBX 3509.9998. The stock’s 50-day moving average is GBX 3023. and its 200-day moving average is GBX 3154.. The company’s market cap is £4.686 billion.
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.
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