Numis Securities Ltd Downgrades Intertek Group plc to Hold (ITRK)
Intertek Group plc (LON:ITRK) was downgraded by research analysts at Numis Securities Ltd to a “hold” rating in a report released on Friday. They currently have a GBX 3,100 ($52.14) target price on the stock, down from their previous target price of GBX 3,782 ($63.62). Numis Securities Ltd’s price objective suggests a potential upside of 6.68% from the company’s current price.
Intertek Group plc (LON:ITRK) opened at 2843.00 on Friday. Intertek Group plc has a 52 week low of GBX 2788.00 and a 52 week high of GBX 3418.00. The stock’s 50-day moving average is GBX 2956. and its 200-day moving average is GBX 2999.67. The company’s market cap is £4.578 billion.
A number of other firms have also recently commented on ITRK. Analysts at Oddo & Cie reiterated a “neutral” rating on shares of Intertek Group plc in a research note on Tuesday. They now have a GBX 3,300 ($55.51) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Intertek Group plc in a research note on Monday. They now have a GBX 2,900 ($48.78) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Intertek Group plc in a research note on Monday. They now have a GBX 3,500 ($58.87) price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 3,316.69 ($55.79).
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.
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