BNP Paribas Reaffirms “Neutral” Rating for Intertek Group plc (ITRK)
Intertek Group plc (LON:ITRK)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a note issued to investors on Monday. They currently have a GBX 3,850 ($47.55) price objective on the stock. BNP Paribas’ price target would indicate a potential downside of 1.71% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Berenberg Bank raised shares of Intertek Group plc to a “buy” rating and boosted their price objective for the company from GBX 3,600 ($44.46) to GBX 4,000 ($49.40) in a research report on Thursday, January 19th. Jefferies Group LLC boosted their price objective on shares of Intertek Group plc from GBX 4,300 ($53.11) to GBX 4,400 ($54.34) and gave the company a “buy” rating in a research report on Thursday, March 9th. Deutsche Bank AG raised shares of Intertek Group plc to a “buy” rating and boosted their price objective for the company from GBX 3,300 ($40.76) to GBX 4,150 ($51.25) in a research report on Thursday. Barclays PLC reissued an “equal weight” rating and issued a GBX 3,700 ($45.70) price objective on shares of Intertek Group plc in a research report on Wednesday, November 23rd. Finally, Societe Generale reissued a “hold” rating and issued a GBX 3,400 ($41.99) price objective on shares of Intertek Group plc in a research report on Monday, December 5th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Intertek Group plc currently has an average rating of “Hold” and an average target price of GBX 3,661.40 ($45.22).
Intertek Group plc (LON:ITRK) traded up 0.38% during midday trading on Monday, reaching GBX 3917.00. 424,273 shares of the company’s stock were exchanged. Intertek Group plc has a 52 week low of GBX 3,037.39 and a 52 week high of GBX 4,024.00. The stock’s 50 day moving average is GBX 3,599.25 and its 200 day moving average is GBX 3,464.63. The firm’s market capitalization is GBX 6.30 billion.
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The business also recently announced a dividend, which will be paid on Friday, June 2nd. Investors of record on Thursday, May 18th will be issued a GBX 43 ($0.53) dividend. This represents a yield of 1.14%. This is an increase from Intertek Group plc’s previous dividend of $19.40. The ex-dividend date is Thursday, May 18th.
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