INTERTEK GRP PL/ADR (IKTSY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of INTERTEK GRP PL/ADR (OTCMKTS:IKTSY) from a hold rating to a sell rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Intertek Group plc provides assurance, testing, inspection and certification solutions. It serves laboratories and offices. Intertek Group plc is headquartered in London, the United Kingdom. “

A number of other analysts have also recently commented on the stock. Barclays cut shares of INTERTEK GRP PL/ADR from an equal weight rating to an underweight rating in a research note on Wednesday, March 6th. Jefferies Financial Group cut shares of INTERTEK GRP PL/ADR from a buy rating to a hold rating in a research note on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. INTERTEK GRP PL/ADR currently has an average rating of Hold.

IKTSY stock opened at $67.87 on Wednesday. The stock has a market cap of $11.09 billion, a PE ratio of 25.61, a P/E/G ratio of 4.35 and a beta of 0.90. INTERTEK GRP PL/ADR has a 52 week low of $56.42 and a 52 week high of $80.35.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 17th will be given a dividend of $0.834 per share. The ex-dividend date of this dividend is Thursday, May 16th. INTERTEK GRP PL/ADR’s payout ratio is presently 63.02%.

INTERTEK GRP PL/ADR 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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