Intertek Group (LON:ITRK) Price Target Increased to GBX 5,450 by Analysts at Credit Suisse Group
Intertek Group (LON:ITRK) had its price target upped by equities research analysts at Credit Suisse Group from GBX 4,520 ($63.47) to GBX 5,450 ($76.53) in a note issued to investors on Wednesday, January 3rd. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 7.92% from the stock’s previous close.
A number of other equities research analysts have also commented on ITRK. Jefferies Group reiterated a “buy” rating and issued a GBX 5,300 ($74.43) target price on shares of Intertek Group in a research report on Friday, October 13th. Berenberg Bank restated a “hold” rating on shares of Intertek Group in a research report on Thursday, October 12th. Kepler Capital Markets lowered Intertek Group to a “hold” rating and upped their price objective for the stock from GBX 5,130 ($72.04) to GBX 5,190 ($72.88) in a research report on Tuesday, November 14th. Shore Capital restated a “sell” rating on shares of Intertek Group in a research report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. upped their price objective on Intertek Group from GBX 4,763 ($66.89) to GBX 5,646 ($79.29) and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 4,474 ($62.83).
Shares of Intertek Group (LON ITRK) traded down GBX 20 ($0.28) during mid-day trading on Wednesday, hitting GBX 5,050 ($70.92). The stock had a trading volume of 283,164 shares, compared to its average volume of 263,732. Intertek Group has a 1-year low of GBX 3,383 ($47.51) and a 1-year high of GBX 5,470 ($76.82). The stock has a market capitalization of $8,220.00 and a price-to-earnings ratio of 2,988.17.
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.
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.