Kepler Capital Markets Reaffirms Buy Rating for Intertek Group plc (ITRK)
Intertek Group plc (LON:ITRK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Kepler Capital Markets in a note issued to investors on Thursday. They currently have a GBX 4,600 ($58.19) price target on the stock. Kepler Capital Markets’ price target suggests a potential upside of 4.66% from the stock’s previous close.
ITRK has been the subject of a number of other reports. Societe Generale increased their price objective on shares of Intertek Group plc from GBX 3,400 ($43.01) to GBX 3,850 ($48.70) and gave the company a “hold” rating in a report on Friday, March 24th. Jefferies Group LLC increased their price objective on shares of Intertek Group plc from GBX 4,300 ($54.40) to GBX 4,400 ($55.66) and gave the company a “buy” rating in a report on Thursday, March 9th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 3,850 ($48.70) price objective on shares of Intertek Group plc in a report on Monday, February 27th. Shore Capital reaffirmed a “sell” rating on shares of Intertek Group plc in a report on Friday, May 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 4,000 ($50.60) price objective on shares of Intertek Group plc in a report on Tuesday, May 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Intertek Group plc has a consensus rating of “Hold” and an average price target of GBX 3,858.06 ($48.81).
Shares of Intertek Group plc (LON ITRK) traded up 2.09% during midday trading on Thursday, reaching GBX 4395.00. 1,086,423 shares of the company’s stock traded hands. The stock’s 50-day moving average price is GBX 4,243.58 and its 200 day moving average price is GBX 3,763.94. The firm’s market capitalization is GBX 7.07 billion. Intertek Group plc has a one year low of GBX 3,037.39 and a one year high of GBX 4,395.00.
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In related news, insider Andre Lacroix purchased 5,693 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of GBX 4,295 ($54.33) per share, for a total transaction of £244,514.35 ($309,316.07). Following the completion of the transaction, the insider now directly owns 299,788 shares in the company, valued at £12,875,894.60 ($16,288,291.71).
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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