Intertek Group (LON:ITRK) had its target price lifted by analysts at Credit Suisse Group from GBX 4,520 ($60.44) to GBX 5,450 ($72.87) in a research note issued on Wednesday. The brokerage currently has an “underperform” rating on the stock. Credit Suisse Group’s price objective suggests a potential upside of 2.71% from the company’s current price.
ITRK has been the topic of a number of other research reports. Berenberg Bank restated a “hold” rating on shares of Intertek Group in a research report on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a GBX 5,300 ($70.87) target price on shares of Intertek Group in a research report on Friday, October 13th. Kepler Capital Markets restated a “hold” rating and issued a GBX 5,190 ($69.39) target price on shares of Intertek Group in a research report on Wednesday, November 22nd. Barclays lifted their target price on 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. Finally, Shore Capital restated a “sell” rating on shares of Intertek Group in a research report on Tuesday, November 21st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Intertek Group presently has an average rating of “Hold” and a consensus price target of GBX 4,438.29 ($59.34).
Shares of Intertek Group (ITRK) opened at GBX 5,322 ($71.16) on Wednesday. Intertek Group has a one year low of GBX 3,383 ($45.23) and a one year high of GBX 5,470 ($73.14). The company has a market capitalization of $8,430.00 and a P/E ratio of 3,149.11.
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About Intertek Group
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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