Berenberg Bank Increases Intertek Group plc (LON:ITRK) Price Target to GBX 4,600

Intertek Group plc (LON:ITRK) had its price target hoisted by equities researchers at Berenberg Bank from GBX 4,450 ($57.47) to GBX 4,600 ($59.41) in a research note issued to investors on Monday, August 21st. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential downside of 7.46% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Kepler Capital Markets reissued a “buy” rating and issued a GBX 4,600 ($59.41) price target on shares of Intertek Group plc in a report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) cut Intertek Group plc to a “neutral” rating and boosted their price target for the stock from GBX 4,510 ($58.25) to GBX 4,580 ($59.15) in a report on Monday, July 3rd. Barclays PLC reissued an “equal weight” rating and issued a GBX 4,000 ($51.66) price target on shares of Intertek Group plc in a report on Tuesday, May 30th. Shore Capital reissued a “sell” rating on shares of Intertek Group plc in a report on Friday, May 26th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 4,000 ($51.66) price target on shares of Intertek Group plc in a report on Wednesday, July 12th. 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 presently has a consensus rating of “Hold” and an average price target of GBX 4,042.44 ($52.21).

Shares of Intertek Group plc (LON ITRK) traded down 1.56% on Monday, reaching GBX 4971.00. 477,335 shares of the company traded hands. Intertek Group plc has a one year low of GBX 3,037.39 and a one year high of GBX 5,160.00. The company’s market capitalization is GBX 8.00 billion. The firm has a 50-day moving average price of GBX 4,699.57 and a 200 day moving average price of GBX 4,235.94.

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In other Intertek Group plc news, insider Jean-Michel Valette acquired 10,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of GBX 4,650 ($60.05) per share, with a total value of £465,000 ($600,542.43). Also, insider David E. Reid acquired 2,135 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of GBX 4,650 ($60.05) per share, for a total transaction of £99,277.50 ($128,215.81).

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.

Analyst Recommendations for Intertek Group plc (LON:ITRK)

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