Intertek Group plc (ITRK) Given Consensus Rating of “Hold” by Brokerages
Shares of Intertek Group plc (LON:ITRK) have earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 4,062.79 ($53.98).
ITRK has been the topic of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a GBX 5,300 ($70.42) target price on shares of Intertek Group plc in a report on Friday, October 13th. Morgan Stanley increased their target price on shares of Intertek Group plc from GBX 3,820 ($50.76) to GBX 3,850 ($51.16) and gave the stock an “equal weight” rating in a report on Wednesday, July 12th. Barclays PLC restated an “equal weight” rating and issued a GBX 4,350 ($57.80) price target on shares of Intertek Group plc in a report on Wednesday, August 2nd. Berenberg Bank raised their price target on shares of Intertek Group plc from GBX 4,450 ($59.13) to GBX 4,600 ($61.12) and gave the company a “hold” rating in a report on Monday, August 21st. Finally, Deutsche Bank AG cut shares of Intertek Group plc to a “hold” rating and raised their price target for the company from GBX 4,150 ($55.14) to GBX 4,200 ($55.81) in a report on Thursday, June 29th.
Shares of Intertek Group plc (LON ITRK) traded down 0.10% during midday trading on Thursday, hitting GBX 5165.00. 553,955 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 5,035.38 and a 200-day moving average of GBX 4,509.26. Intertek Group plc has a 12 month low of GBX 3,037.39 and a 12 month high of GBX 5,230.00. The stock’s market cap is GBX 8.31 billion.
The firm also recently declared a dividend, which was paid on Friday, October 13th. Shareholders of record on Thursday, September 28th were given a dividend of GBX 23.50 ($0.31) per share. This represents a yield of 0.5%. The ex-dividend date was Thursday, September 28th.
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In related news, insider Jean-Michel Valette purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of GBX 4,650 ($61.79) per share, with a total value of £465,000 ($617,858.09). Also, insider David E. Reid purchased 2,135 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of GBX 4,650 ($61.79) per share, for a total transaction of £99,277.50 ($131,912.70).
Intertek Group plc Company Profile
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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