Royal Bank Of Canada Downgrades Intertek Group plc (ITRK) to Underperform
Intertek Group plc (LON:ITRK) was downgraded by analysts at Royal Bank Of Canada to an “underperform” rating in a report released on Thursday.
ITRK has been the subject of a number of other reports. BNP Paribas reissued a “neutral” rating and set a GBX 3,500 ($43.32) price objective on shares of Intertek Group plc in a report on Monday, July 18th. Barclays PLC reissued an “equal weight” rating and set a GBX 3,700 ($45.79) price objective on shares of Intertek Group plc in a report on Tuesday, August 2nd. HSBC reissued a “reduce” rating and set a GBX 3,010 ($37.25) price objective on shares of Intertek Group plc in a report on Monday, August 8th. Credit Suisse Group AG lifted their price objective on Intertek Group plc from GBX 2,900 ($35.89) to GBX 3,200 ($39.60) and gave the company a “neutral” rating in a report on Monday, June 20th. Finally, Shore Capital reissued a “sell” rating on shares of Intertek Group plc in a report on Friday, July 22nd. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Intertek Group plc has an average rating of “Hold” and an average price target of GBX 3,321.88 ($41.11).
Shares of Intertek Group plc (LON:ITRK) opened at 3574.00 on Thursday. Intertek Group plc has a 12-month low of GBX 2,511.00 and a 12-month high of GBX 3,806.00. The firm’s market cap is GBX 5.75 billion. The company has a 50 day moving average of GBX 3,554.19 and a 200-day moving average of GBX 3,399.80.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/royal-bank-of-canada-downgrades-intertek-group-plc-itrk-to-underperform.html
The firm also recently disclosed a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be given a GBX 19.40 ($0.24) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.55%.
About Intertek Group plc
Receive News & Ratings for Intertek Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertek Group plc and related companies with MarketBeat.com's FREE daily email newsletter.