Intertek Group plc (LON:ITRK) Given Average Rating of “Hold” by Brokerages
Shares of Intertek Group plc (LON:ITRK) have been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 3,939.93 ($51.04).
Several research analysts have commented on the stock. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 4,600 ($59.59) price objective on shares of Intertek Group plc in a research note on Thursday, June 15th. Goldman Sachs Group, Inc. (The) lowered shares of Intertek Group plc to a “neutral” rating and lifted their price objective for the stock from GBX 4,510 ($58.42) to GBX 4,580 ($59.33) in a research note on Monday, July 3rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 3,861 ($50.01) price objective on shares of Intertek Group plc in a research note on Monday, March 13th. Shore Capital reaffirmed a “sell” rating on shares of Intertek Group plc in a research note on Friday, May 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 4,000 ($51.81) price objective on shares of Intertek Group plc in a research note on Tuesday, May 30th.
In other news, insider Andre Lacroix acquired 5,693 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average cost of GBX 4,295 ($55.63) per share, for a total transaction of £244,514.35 ($316,728.43). Following the completion of the acquisition, the insider now directly owns 299,788 shares of the company’s stock, valued at approximately £12,875,894.60 ($16,678,619.95).
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Shares of Intertek Group plc (LON ITRK) traded down 0.26% during midday trading on Tuesday, hitting GBX 4212.00. 339,877 shares of the stock were exchanged. The firm’s 50-day moving average is GBX 4,299.89 and its 200 day moving average is GBX 3,842.23. The firm’s market cap is GBX 6.78 billion. Intertek Group plc has a 52-week low of GBX 3,037.39 and a 52-week high of GBX 4,456.00.
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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