Intertek Group plc (ITRK) Given Average Recommendation of “Hold” by Brokerages
Intertek Group plc (LON:ITRK) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 4,354.31 ($58.22).
A number of analysts recently commented on ITRK shares. Kepler Capital Markets cut shares of Intertek Group to a “hold” rating and upped their price objective for the company from GBX 5,130 ($68.59) to GBX 5,190 ($69.39) in a research report on Tuesday, November 14th. Credit Suisse Group restated an “underperform” rating and issued a GBX 4,520 ($60.44) price objective on shares of Intertek Group in a research report on Thursday, November 23rd. JPMorgan Chase & Co. upped their price objective on shares of Intertek Group from GBX 4,763 ($63.68) to GBX 5,646 ($75.49) and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Shore Capital restated a “sell” rating on shares of Intertek Group in a research report on Tuesday, November 21st. Finally, Barclays upped their price objective on shares of Intertek Group from GBX 4,350 ($58.16) to GBX 4,750 ($63.51) and gave the company an “equal weight” rating in a research report on Wednesday, November 22nd.
Shares of Intertek Group (LON ITRK) traded down GBX 68 ($0.91) during trading on Tuesday, hitting GBX 5,122 ($68.49). 332,889 shares of the company’s stock traded hands, compared to its average volume of 386,835. The company has a market cap of $8,270.00 and a PE ratio of 3,030.77. Intertek Group has a 52 week low of GBX 3,383 ($45.23) and a 52 week high of GBX 5,470 ($73.14).
Intertek Group 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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