Intertek Group plc (ITRK) Receives Hold Rating from Berenberg Bank
Intertek Group plc (LON:ITRK)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a research report issued on Thursday.
A number of other brokerages also recently issued reports on ITRK. Jefferies Group LLC reissued a “buy” rating and issued a GBX 5,300 ($70.42) price target on shares of Intertek Group plc in a report on Friday. Barclays PLC restated an “equal weight” rating and issued a GBX 4,350 ($57.80) price objective on shares of Intertek Group plc in a research report on Wednesday, August 2nd. Shore Capital restated a “sell” rating on shares of Intertek Group plc in a research report on Tuesday, August 8th. Deutsche Bank AG cut Intertek Group plc to a “hold” rating and boosted their price objective for the company from GBX 4,150 ($55.14) to GBX 4,200 ($55.81) in a research report on Thursday, June 29th. Finally, Kepler Capital Markets restated a “buy” rating and issued a GBX 4,600 ($61.12) price objective on shares of Intertek Group plc in a research report on Thursday, June 15th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 4,042.44 ($53.71).
Shares of Intertek Group plc (LON:ITRK) traded down 1.44% on Thursday, reaching GBX 5125.00. 407,161 shares of the company were exchanged. The company’s 50 day moving average is GBX 5,021.19 and its 200 day moving average is GBX 4,487.66. The firm’s market capitalization is GBX 8.25 billion. Intertek Group plc has a 12-month low of GBX 3,037.39 and a 12-month high of GBX 5,230.00.
In other news, insider Jean-Michel Valette purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of GBX 4,650 ($61.79) per share, for a total transaction of £465,000 ($617,858.09). Also, insider David E. Reid purchased 2,135 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of GBX 4,650 ($61.79) per share, with a total value of £99,277.50 ($131,912.70).
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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