UBS Group Boosts Intertek Group (LON:ITRK) Price Target to GBX 5,300

Intertek Group (LON:ITRK) had its price objective raised by UBS Group from GBX 5,000 ($65.33) to GBX 5,300 ($69.25) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

Several other research firms have also commented on ITRK. Barclays reaffirmed an underweight rating on shares of Intertek Group in a research report on Friday, May 24th. Deutsche Bank reaffirmed a buy rating on shares of Intertek Group in a research report on Friday, August 2nd. Numis Securities reaffirmed a hold rating on shares of Intertek Group in a research report on Thursday, May 16th. Kepler Capital Markets lifted their price target on shares of Intertek Group from GBX 5,150 ($67.29) to GBX 5,190 ($67.82) and gave the company a hold rating in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Intertek Group in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Intertek Group has an average rating of Hold and a consensus target price of GBX 5,154 ($67.35).

Shares of Intertek Group stock opened at GBX 5,522 ($72.15) on Friday. The stock has a market cap of $8.83 billion and a P/E ratio of 30.83. The stock’s 50 day simple moving average is GBX 5,600 and its 200-day simple moving average is GBX 5,261.14. Intertek Group has a 1-year low of GBX 56.22 ($0.73) and a 1-year high of GBX 5,982 ($78.17). The company has a debt-to-equity ratio of 141.86, a current ratio of 1.35 and a quick ratio of 1.32.

The company also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 26th will be given a dividend of GBX 34.20 ($0.45) per share. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, September 26th. Intertek Group’s payout ratio is presently 0.56%.

Intertek Group 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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Analyst Recommendations for Intertek Group (LON:ITRK)

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