Intertek Group plc Given New GBX 3,300 Price Target at Jefferies Group (ITRK)
Research analysts at Jefferies Group cut their target price on shares of Intertek Group plc (LON:ITRK) from GBX 3,465 ($58.30) to GBX 3,300 ($55.53) in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 19.78% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Intertek Group plc to an “overweight” rating in a research note on Tuesday. They now have a GBX 3,033 ($51.03) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Intertek Group plc in a research note on Tuesday. They now have a GBX 2,694 ($45.33) price target on the stock. Finally, 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). 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’s stock. The stock has an average rating of “Buy” and an average price target of GBX 3,138.71 ($52.81).
Shares of Intertek Group plc (LON:ITRK) traded up 1.81% during mid-day trading on Tuesday, hitting GBX 2755.00. 975,371 shares of the company’s stock traded hands. Intertek Group plc has a one year low of GBX 2502.00 and a one year high of GBX 3418.00. The stock has a 50-day moving average of GBX 2690.62 and a 200-day moving average of 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. Stockholders 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.
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.
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