Intertek Group plc Price Target Lowered to GBX 2,800 at Berenberg Bank (ITRK)
Investment analysts at Berenberg Bank cut their price target on shares of Intertek Group plc (LON:ITRK) from GBX 2,900 ($49.65) to GBX 2,800 ($47.94) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 4.50% from the stock’s previous close.
A number of other analysts have also recently weighed in on ITRK. Analysts at Deutsche Bank cut their price target on shares of Intertek Group plc from GBX 2,987 ($51.14) to GBX 2,694 ($46.12) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Intertek Group plc in a research note on Tuesday. They now have a GBX 3,465 ($59.32) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Intertek Group plc in a research note on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Intertek Group plc currently has an average rating of “Hold” and an average price target of GBX 3,209.93 ($54.96).
Intertek Group plc (LON:ITRK) traded up 0.85% during mid-day trading on Wednesday, hitting GBX 2679.5134. The stock had a trading volume of 251,486 shares. Intertek Group plc has a 52-week low of GBX 2643.00 and a 52-week high of GBX 3418.00. The stock has a 50-day moving average of GBX 2790.81 and a 200-day moving average of GBX 2924.07. The company’s market cap is £4.315 billion.
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.