Intertek Group plc (ITRK) Raised to “Buy” at Deutsche Bank AG

Deutsche Bank AG upgraded shares of Intertek Group plc (LON:ITRK) to a buy rating in a report issued on Thursday. The brokerage currently has GBX 4,150 ($51.25) target price on the stock, up from their prior target price of GBX 3,300 ($40.76).

A number of other brokerages also recently issued reports on ITRK. BNP Paribas reissued a neutral rating and issued a GBX 3,850 ($47.55) price objective on shares of Intertek Group plc in a research note on Tuesday, March 14th. Citigroup Inc reissued a sell rating on shares of Intertek Group plc in a research note on Monday, March 13th. HSBC Holdings plc boosted their price objective on Intertek Group plc from GBX 3,140 ($38.78) to GBX 3,520 ($43.47) and gave the company a hold rating in a research note on Monday, March 13th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 3,861 ($47.68) price objective on shares of Intertek Group plc in a research note on Monday, March 13th. Finally, Jefferies Group LLC boosted their price objective on Intertek Group plc from GBX 4,300 ($53.11) to GBX 4,400 ($54.34) and gave the company a buy rating in a research note on Thursday, March 9th. Five equities 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 stock. The company presently has a consensus rating of Hold and an average target price of GBX 3,661.40 ($45.22).

Analyst Recommendations for Intertek Group plc (LON:ITRK)

Shares of Intertek Group plc (LON:ITRK) opened at 3886.00 on Thursday. Intertek Group plc has a one year low of GBX 3,037.39 and a one year high of GBX 4,024.00. The stock’s market capitalization is GBX 6.25 billion. The company’s 50-day moving average is GBX 3,599.25 and its 200-day moving average is GBX 3,464.63.

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The company also recently announced a dividend, which will be paid on Friday, June 2nd. Investors of record on Thursday, May 18th will be given a GBX 43 ($0.53) dividend. This represents a yield of 1.14%. This is a positive change from Intertek Group plc’s previous dividend of $19.40. The ex-dividend date is Thursday, May 18th.

About Intertek Group plc

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