Intertek Group plc (ITRK) Given “Sell” Rating at Shore Capital
Intertek Group plc (LON:ITRK)‘s stock had its “sell” rating reiterated by equities research analysts at Shore Capital in a research report issued on Friday.
Several other analysts have also recently weighed in on ITRK. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 3,520 ($45.79) price objective on shares of Intertek Group plc in a research report on Monday, April 10th. Royal Bank of Canada lifted their price objective on Intertek Group plc from GBX 3,100 ($40.33) to GBX 3,200 ($41.63) and gave the company an “underperform” rating in a research report on Wednesday, March 29th. JPMorgan Chase & Co. lifted their price objective on Intertek Group plc from GBX 3,861 ($50.23) to GBX 4,329 ($56.32) and gave the company an “overweight” rating in a research report on Tuesday, April 4th. BNP Paribas reiterated an “outperform” rating and set a GBX 3,850 ($50.08) target price on shares of Intertek Group plc in a report on Monday, February 27th. Finally, Kepler Capital Markets upgraded shares of Intertek Group plc to a “buy” rating and lifted their target price for the company from GBX 3,935 ($51.19) to GBX 4,600 ($59.84) in a report on Monday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 3,779.94 ($49.17).
Intertek Group plc (LON:ITRK) traded down 0.44% on Friday, reaching GBX 4295.00. The company had a trading volume of 768,241 shares. Intertek Group plc has a one year low of GBX 3,037.39 and a one year high of GBX 4,332.00. The firm’s market capitalization is GBX 6.91 billion. The company’s 50 day moving average is GBX 4,118.57 and its 200-day moving average is GBX 3,645.36.
The business also recently announced a dividend, which will be paid on Friday, June 2nd. Shareholders of record on Thursday, May 18th will be paid a dividend of GBX 43 ($0.56) per share. The ex-dividend date is Thursday, May 18th. This is a positive change from Intertek Group plc’s previous dividend of $19.40. This represents a yield of 1.14%.
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About Intertek Group plc
Intertek Group PLC is a United Kingdom-based company, which offers quality assurance services. The Company’s segments include Products, Trade and Resources. The Products-related division consists of business lines that are focused on ensuring the quality and safety of physical components and products, as well minimizing risk through assessing the operating process and quality management systems of its customers.
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