Intertek Group plc (ITRK) Upgraded at Jefferies Group
Intertek Group plc (LON:ITRK) was upgraded by analysts at Jefferies Group to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a GBX 4,300 ($56.13) price objective on the stock, up from their previous price objective of GBX 3,000 ($39.16). Jefferies Group’s price objective points to a potential upside of 15.90% from the company’s current price.
Other analysts have also issued research reports about the company. Kepler Capital Markets began coverage on Intertek Group plc in a research note on Monday, June 13th. They issued a “hold” rating and a GBX 3,480 ($45.42) target price on the stock. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 3,240 ($42.29) target price on shares of Intertek Group plc in a research note on Monday, June 27th. BNP Paribas reiterated a “neutral” rating and issued a GBX 3,300 ($43.08) target price on shares of Intertek Group plc in a research note on Monday, June 13th. JPMorgan Chase & Co. raised their price target on Intertek Group plc from GBX 3,231 ($42.17) to GBX 3,547 ($46.30) and gave the company an “overweight” rating in a research note on Tuesday, August 2nd. Finally, Societe Generale lowered Intertek Group plc to a “sell” rating and raised their price target for the company from GBX 3,230 ($42.16) to GBX 3,300 ($43.08) in a research note on Tuesday, August 2nd. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 3,321.88 ($43.36).
Shares of Intertek Group plc (LON:ITRK) traded up 0.51% on Tuesday, reaching GBX 3709.67. 555,057 shares of the company’s stock were exchanged. Intertek Group plc has a one year low of GBX 2,504.00 and a one year high of GBX 3,806.00. The stock’s market cap is GBX 5986.92 billion. The company’s 50 day moving average is GBX 3,548.92 and its 200-day moving average is GBX 3,385.17.
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The company also recently announced a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be issued a dividend of GBX 19.40 ($0.25) per share. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, September 29th.
Intertek Group plc Company Profile
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