Deutsche Bank Reiterates Hold Rating for Intertek Group plc (ITRK)
Intertek Group plc (LON:ITRK)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday. They currently have a GBX 2,694 ($45.33) target price on the stock. Deutsche Bank’s price target indicates a potential downside of 2.21% from the company’s current price.
Shares of Intertek Group plc (LON:ITRK) traded up 1.81% on Tuesday, hitting GBX 2755.00. 975,371 shares of the company’s stock traded hands. Intertek Group plc has a 1-year low of GBX 2502.00 and a 1-year high of GBX 3418.00. The stock’s 50-day moving average is GBX 2690.62 and its 200-day moving average is GBX 2880.58. The company’s market cap is £4.437 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, October 14th. Investors of record on Wednesday, October 1st will be paid a dividend of GBX 16 ($0.27) per share. This represents a dividend yield of 0.59%. The ex-dividend date is Wednesday, October 1st.
A number of other analysts have also recently weighed in on ITRK. Analysts at RBC Capital upgraded shares of Intertek Group plc to an “outperform” rating in a research note on Tuesday. They now have a GBX 3,000 ($50.48) price target on the stock, up previously from GBX 2,900 ($48.80). Separately, analysts at Citigroup Inc. cut their price target on shares of Intertek Group plc from GBX 3,940 ($66.30) to GBX 3,340 ($56.20) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, 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 2,800 ($47.11) price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 3,138.71 ($52.81).
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.
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