Intertek Group’s (ITRK) “Equal Weight” Rating Reiterated at Barclays
Barclays reaffirmed their equal weight rating on shares of Intertek Group (LON:ITRK) in a research report sent to investors on Wednesday morning. Barclays currently has a GBX 4,950 ($64.68) price objective on the stock.
Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Intertek Group from GBX 5,960 ($77.88) to GBX 6,200 ($81.01) and gave the stock an overweight rating in a research note on Monday, August 6th. Deutsche Bank restated a hold rating on shares of Intertek Group in a research note on Monday, August 6th. Jefferies Financial Group raised their price target on Intertek Group from GBX 5,800 ($75.79) to GBX 6,050 ($79.05) and gave the stock a buy rating in a research note on Monday, August 6th. Shore Capital restated a hold rating on shares of Intertek Group in a research note on Friday, August 3rd. Finally, UBS Group reiterated a neutral rating on shares of Intertek Group in a research note on Wednesday, July 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Intertek Group has a consensus rating of Hold and an average target price of GBX 5,300.91 ($69.27).
Shares of LON ITRK opened at GBX 4,455 ($58.21) on Wednesday. Intertek Group has a fifty-two week low of GBX 3,826 ($49.99) and a fifty-two week high of GBX 5,470 ($71.48).
In other Intertek Group news, insider Andre Lacroix sold 40,408 shares of Intertek Group stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of GBX 4,850 ($63.37), for a total value of £1,959,788 ($2,560,810.14). Also, insider Lena Wilson bought 400 shares of the stock in a transaction on Friday, September 21st. The stock was bought at an average price of GBX 4,867 ($63.60) per share, for a total transaction of £19,468 ($25,438.39).
About Intertek Group
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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