Credit Suisse Group Boosts Intertek Group (LON:ITRK) Price Target to GBX 5,000

Intertek Group (LON:ITRK) had its price target hoisted by Credit Suisse Group from GBX 4,400 ($57.88) to GBX 5,000 ($65.77) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group reiterated a neutral rating on shares of Intertek Group in a research note on Friday, May 22nd. Berenberg Bank decreased their price objective on shares of Intertek Group from GBX 5,300 ($69.72) to GBX 4,350 ($57.22) and set a hold rating for the company in a research note on Monday, March 30th. Jefferies Financial Group increased their price objective on shares of Intertek Group from GBX 5,350 ($70.38) to GBX 6,100 ($80.24) and gave the company a buy rating in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Intertek Group from GBX 5,900 ($77.61) to GBX 5,000 ($65.77) and set an overweight rating for the company in a research note on Wednesday, May 20th. Finally, Barclays decreased their price objective on shares of Intertek Group from GBX 5,500 ($72.35) to GBX 5,000 ($65.77) and set an underweight rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Intertek Group currently has a consensus rating of Hold and a consensus price target of GBX 4,933.64 ($64.90).

ITRK opened at GBX 5,592 ($73.56) on Tuesday. The company has a debt-to-equity ratio of 111.93, a current ratio of 1.07 and a quick ratio of 1.01. Intertek Group has a fifty-two week low of GBX 56.22 ($0.74) and a fifty-two week high of GBX 6,178 ($81.27). The firm has a market capitalization of $8.47 billion and a PE ratio of 29.44. The company’s 50-day moving average is GBX 4,824.24 and its 200 day moving average is GBX 5,302.50.

The firm also recently disclosed a dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a GBX 71.60 ($0.94) dividend. The ex-dividend date is Thursday, May 21st. This is an increase from Intertek Group’s previous dividend of $34.20. This represents a yield of 1.32%. Intertek Group’s dividend payout ratio (DPR) is 55.04%.

In other Intertek Group news, insider Lena Wilson acquired 389 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average cost of GBX 4,710 ($61.96) per share, with a total value of £18,321.90 ($24,101.42). Also, insider Andre Lacroix sold 33,970 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 4,662 ($61.33), for a total transaction of £1,583,681.40 ($2,083,243.09).

Intertek Group Company Profile

Intertek Group plc provides quality and safety solutions to various industries worldwide. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.

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Analyst Recommendations for Intertek Group (LON:ITRK)

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