Intertek Group plc (ITRK) Earns “Buy” Rating from Kepler Capital Markets
Kepler Capital Markets restated their buy rating on shares of Intertek Group plc (LON:ITRK) in a research note issued to investors on Thursday morning. They currently have a GBX 4,600 ($58.61) target price on the stock.
A number of other brokerages also recently weighed in on ITRK. Shore Capital reiterated a sell rating on shares of Intertek Group plc in a report on Friday, May 26th. Barclays PLC reissued an equal weight rating and set a GBX 4,000 ($50.96) price objective on shares of Intertek Group plc in a research report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Intertek Group plc from GBX 4,470 ($56.95) to GBX 4,510 ($57.46) and gave the stock a buy rating in a research report on Tuesday, May 30th. Numis Securities Ltd reissued a hold rating and set a GBX 4,000 ($50.96) price objective on shares of Intertek Group plc in a research report on Tuesday, May 30th. Finally, Morgan Stanley increased their price objective on shares of Intertek Group plc from GBX 3,680 ($46.88) to GBX 3,820 ($48.67) and gave the stock an equal weight rating in a research report on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Intertek Group plc currently has a consensus rating of Hold and a consensus price target of GBX 3,858.06 ($49.15).
Intertek Group plc (LON ITRK) opened at 4441.00 on Thursday. The company’s market capitalization is GBX 7.15 billion. The firm’s 50-day moving average price is GBX 4,258.71 and its 200 day moving average price is GBX 3,779.38. Intertek Group plc has a 12-month low of GBX 3,037.39 and a 12-month high of GBX 4,451.00.
In other Intertek Group plc news, insider Andre Lacroix purchased 5,693 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average price of GBX 4,295 ($54.72) per share, with a total value of £244,514.35 ($311,522.93). Following the transaction, the insider now owns 299,788 shares in the company, valued at £12,875,894.60 ($16,404,503.25).
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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