Intertek Group plc (LON:ITRK) Rating Reiterated by Shore Capital
Intertek Group plc (LON:ITRK)‘s stock had its “sell” rating reissued by investment analysts at Shore Capital in a research note issued to investors on Tuesday.
Other equities analysts also recently issued reports about the company. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 4,600 ($59.90) price objective on shares of Intertek Group plc in a research note on Thursday, June 15th. Goldman Sachs Group, Inc. (The) downgraded Intertek Group plc to a “neutral” rating and raised their price objective for the company from GBX 4,510 ($58.73) to GBX 4,580 ($59.64) in a research note on Monday, July 3rd. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 4,000 ($52.09) price objective on shares of Intertek Group plc in a research note on Tuesday, May 30th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 4,000 ($52.09) price objective on shares of Intertek Group plc in a research note on Wednesday, July 12th. Finally, Morgan Stanley raised their price objective on Intertek Group plc from GBX 3,820 ($49.75) to GBX 3,850 ($50.14) and gave the company an “equal weight” rating in a research note on Wednesday, July 12th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 4,033.06 ($52.52).
Shares of Intertek Group plc (ITRK) traded up 0.13% during mid-day trading on Tuesday, hitting GBX 4657.00. The company had a trading volume of 100,773 shares. The firm’s market capitalization is GBX 7.49 billion. The firm has a 50-day moving average price of GBX 4,344.61 and a 200 day moving average price of GBX 4,015.62. Intertek Group plc has a 12 month low of GBX 3,037.39 and a 12 month high of GBX 4,673.00.
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In related news, insider Andre Lacroix acquired 5,693 shares of Intertek Group plc stock in a transaction on Friday, May 26th. The shares were bought at an average price of GBX 4,295 ($55.93) per share, for a total transaction of £244,514.35 ($318,419.52). Following the completion of the purchase, the insider now directly owns 299,788 shares in the company, valued at approximately £12,875,894.60 ($16,767,671.05). Also, insider David E. Reid acquired 2,135 shares of Intertek Group plc stock in a transaction on Monday, August 7th. The shares were bought at an average price of GBX 4,650 ($60.55) per share, for a total transaction of £99,277.50 ($129,284.41).
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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