Jefferies Group Reiterates Buy Rating for Intertek Group (ITRK)
Intertek Group (LON:ITRK)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a research report issued on Monday. They currently have a GBX 5,300 ($71.33) target price on the stock. Jefferies Group’s price objective suggests a potential upside of 5.32% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Shore Capital reissued a “sell” rating on shares of Intertek Group in a report on Tuesday, November 21st. Berenberg Bank restated a “hold” rating on shares of Intertek Group in a research note on Thursday, October 12th. Credit Suisse Group restated an “underperform” rating and issued a GBX 4,520 ($60.83) target price on shares of Intertek Group in a research note on Thursday, November 23rd. J P Morgan Chase & Co boosted their target price on shares of Intertek Group from GBX 4,763 ($64.10) to GBX 5,646 ($75.99) and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Finally, Kepler Capital Markets restated a “hold” rating and issued a GBX 5,190 ($69.85) target price on shares of Intertek Group in a research note on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 4,371.86 ($58.84).
Shares of Intertek Group (LON:ITRK) opened at GBX 5,032.21 ($67.73) on Monday. Intertek Group has a fifty-two week low of GBX 3,286 ($44.23) and a fifty-two week high of GBX 5,470 ($73.62).
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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