Credit Suisse Trims Intertek Group plc Target Price to GBX 3,100 (ITRK)
Investment analysts at Credit Suisse dropped their price target on shares of Intertek Group plc (LON:ITRK) from GBX 3,500 ($58.51) to GBX 3,100 ($51.82) in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 9.62% from the stock’s previous close.
Shares of Intertek Group plc (LON:ITRK) opened at 2830.00 on Friday. Intertek Group plc has a 1-year low of GBX 2502.00 and a 1-year high of GBX 3418.00. The stock has a 50-day moving average of GBX 2705.59 and a 200-day moving average of GBX 2871.. The company’s market cap is £4.559 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Kepler Capital Markets upgraded shares of Intertek Group plc to a “hold” rating in a research note on Thursday, August 7th. They now have a GBX 2,750 ($45.97) price target on the stock. Separately, analysts at Oddo & Cie reiterated a “neutral” rating on shares of Intertek Group plc in a research note on Wednesday, August 6th. They now have a GBX 3,050 ($50.99) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Intertek Group plc to an “add” rating in a research note on Tuesday, August 5th. They now have a GBX 3,100 ($51.82) price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Intertek Group plc presently has a consensus rating of “Hold” and an average target price of GBX 3,086.13 ($51.59).
Intertek Group plc (LON:ITRK) is a provider of quality and safety solutions.
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