Intertek Group plc (ITRK) Cut to “Underperform” at Royal Bank Of Canada
Royal Bank Of Canada downgraded shares of Intertek Group plc (LON:ITRK) to an underperform rating in a report issued on Thursday. The firm currently has GBX 3,400 ($41.44) price objective on the stock.
ITRK has been the topic of several other reports. BNP Paribas restated a neutral rating and set a GBX 3,500 ($42.66) price target on shares of Intertek Group plc in a research report on Monday, August 22nd. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 4,010 ($48.87) price objective on shares of Intertek Group plc in a report on Thursday, September 8th. Deutsche Bank AG increased their price objective on Intertek Group plc from GBX 3,100 ($37.78) to GBX 3,500 ($42.66) and gave the stock a hold rating in a report on Friday, July 29th. HSBC reiterated a reduce rating and issued a GBX 3,010 ($36.68) price objective on shares of Intertek Group plc in a report on Monday, August 8th. Finally, Jefferies Group upgraded Intertek Group plc to a buy rating and increased their price objective for the stock from GBX 3,000 ($36.56) to GBX 4,300 ($52.41) in a report on Tuesday, October 4th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 3,321.88 ($40.49).
Shares of Intertek Group plc (LON:ITRK) opened at 3587.00 on Thursday. The company’s market cap is GBX 5.77 billion. Intertek Group plc has a one year low of GBX 2,511.00 and a one year high of GBX 3,806.00. The company’s 50-day moving average price is GBX 3,556.11 and its 200 day moving average price is GBX 3,408.20.
The firm also recently announced a dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 29th were issued a GBX 19.40 ($0.24) dividend. This represents a dividend yield of 0.55%. The ex-dividend date was Thursday, September 29th.
About Intertek Group plc
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