Intertek Group plc Upgraded by RBC Capital to Outperform (ITRK)
Intertek Group plc (LON:ITRK) was upgraded by equities research analysts at RBC Capital to an “outperform” rating in a research note issued to investors on Tuesday. The firm currently has a GBX 3,000 ($50.48) target price on the stock, up from their previous target price of GBX 2,900 ($48.80). RBC Capital’s price target suggests a potential upside of 8.89% from the company’s current price.
Intertek Group plc (LON:ITRK) traded up 1.81% on Tuesday, hitting GBX 2755.00. The stock had a trading volume of 975,371 shares. 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. Shareholders 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 firms have also recently commented on ITRK. 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. 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 2,800 ($47.11) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Intertek Group plc in a research note on Monday. They now have a GBX 3,200 ($53.84) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Intertek Group plc presently has an average rating of “Buy” and a consensus price target of GBX 3,138.71 ($52.81).
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.
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