Analysts Set Intertek Group plc (ITRK) Price Target at $5,463.75

Share on StockTwits

Intertek Group plc (LON:ITRK) has received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 5,463.75 ($71.39).

A number of equities analysts have recently issued reports on ITRK shares. Jefferies Financial Group increased their target price on Intertek Group from GBX 5,800 ($75.79) to GBX 6,050 ($79.05) and gave the stock a “buy” rating in a research note on Monday, August 6th. Berenberg Bank raised Intertek Group to a “buy” rating and increased their target price for the stock from GBX 5,200 ($67.95) to GBX 5,500 ($71.87) in a research note on Friday, October 5th. Barclays reissued an “equal weight” rating and set a GBX 4,950 ($64.68) target price (up from GBX 4,750 ($62.07)) on shares of Intertek Group in a research note on Wednesday, September 19th. Numis Securities reissued a “hold” rating on shares of Intertek Group in a research note on Wednesday, August 8th. Finally, Kepler Capital Markets increased their target price on Intertek Group from GBX 5,585 ($72.98) to GBX 5,750 ($75.13) and gave the stock a “hold” rating in a research note on Wednesday, August 8th.

In other news, insider Lena Wilson acquired 400 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was purchased at an average cost of GBX 4,867 ($63.60) per share, with a total value of £19,468 ($25,438.39). Also, insider Andre Lacroix sold 40,408 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of GBX 4,850 ($63.37), for a total value of £1,959,788 ($2,560,810.14).

ITRK opened at GBX 4,655 ($60.83) on Monday. Intertek Group has a 52 week low of GBX 3,826 ($49.99) and a 52 week high of GBX 5,470 ($71.48).

The company also recently disclosed a dividend, which was paid on Friday, October 19th. Investors of record on Thursday, October 4th were paid a GBX 31.90 ($0.42) dividend. This represents a yield of 0.58%. The ex-dividend date was Thursday, October 4th.

About Intertek Group

Intertek Group plc provides quality and safety solutions to various industries worldwide. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.

Recommended Story: Short Selling – Explanation For Shorting Stocks

Analyst Recommendations for Intertek Group (LON:ITRK)

Receive News & Ratings for Intertek Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertek Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply