Intertek Group plc (ITRK) Price Target Increased to GBX 3,850 by Analysts at Societe Generale

Intertek Group plc (LON:ITRK) had its price target upped by Societe Generale from GBX 3,400 ($42.79) to GBX 3,850 ($48.46) in a report released on Friday morning. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on ITRK. Deutsche Bank AG cut their price target on shares of Intertek Group plc from GBX 3,400 ($42.79) to GBX 3,300 ($41.54) and set a hold rating on the stock in a report on Thursday, November 24th. BNP Paribas reissued an outperform rating and issued a GBX 4,050 ($50.98) price target on shares of Intertek Group plc in a report on Monday, December 5th. Barclays PLC reissued an equal weight rating and issued a GBX 3,750 ($47.20) price target on shares of Intertek Group plc in a report on Friday, January 13th. Credit Suisse Group AG cut shares of Intertek Group plc to an underperform rating and dropped their target price for the stock from GBX 3,400 ($42.79) to GBX 3,200 ($40.28) in a research report on Tuesday, January 17th. Finally, Berenberg Bank raised shares of Intertek Group plc to a buy rating and raised their target price for the stock from GBX 3,600 ($45.31) to GBX 4,000 ($50.35) in a research report on Thursday, January 19th. Five 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. Intertek Group plc currently has an average rating of Hold and a consensus target price of GBX 3,709.27 ($46.69).

Intertek Group plc (LON:ITRK) traded down 0.90% during midday trading on Friday, hitting GBX 3945.00. The stock had a trading volume of 444,288 shares. Intertek Group plc has a 1-year low of GBX 3,037.39 and a 1-year high of GBX 4,073.00. The company’s market cap is GBX 6.35 billion. The company’s 50 day moving average is GBX 3,889.89 and its 200 day moving average is GBX 3,533.85.

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The business also recently declared a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th will be issued a GBX 43 ($0.54) dividend. The ex-dividend date is Thursday, May 18th. This is a boost from Intertek Group plc’s previous dividend of $19.40. This represents a dividend yield of 1.14%.

About Intertek Group plc

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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