Analysts Set Intertek Group plc (LON:ITRK) Target Price at $5,090.00
Shares of Intertek Group plc (LON:ITRK) have received an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six 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 updated their coverage on the stock in the last year is GBX 5,090 ($66.51).
ITRK has been the topic of a number of research analyst reports. Berenberg Bank downgraded Intertek Group to a “hold” rating and lowered their price target for the company from GBX 5,500 ($71.87) to GBX 4,800 ($62.72) in a report on Thursday, February 21st. Shore Capital reissued a “hold” rating on shares of Intertek Group in a report on Tuesday, March 5th. Kepler Capital Markets downgraded Intertek Group to a “hold” rating and increased their target price for the company from GBX 5,045 ($65.92) to GBX 5,150 ($67.29) in a report on Friday, February 22nd. UBS Group reissued a “neutral” rating on shares of Intertek Group in a report on Wednesday, March 6th. Finally, Jefferies Financial Group lowered their target price on Intertek Group from GBX 6,050 ($79.05) to GBX 4,900 ($64.03) and set a “buy” rating on the stock in a report on Tuesday, April 9th.
In other Intertek Group news, insider Andre Lacroix sold 43,345 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of GBX 4,765 ($62.26), for a total value of £2,065,389.25 ($2,698,796.88). Also, insider Lena Wilson sold 393 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of GBX 5,038 ($65.83), for a total value of £19,799.34 ($25,871.34).
Intertek Group Company Profile
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.
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