Intertek Group’s (ITRK) “Equal Weight” Rating Reiterated at Barclays

Barclays reiterated their equal weight rating on shares of Intertek Group (LON:ITRK) in a research note issued to investors on Wednesday. The firm currently has a GBX 4,950 ($64.68) price target on the stock.

Several other brokerages have also recently issued reports on ITRK. JPMorgan Chase & Co. upped their target price on Intertek Group from GBX 5,960 ($77.88) to GBX 6,200 ($81.01) and gave the company an overweight rating in a report on Monday, August 6th. Shore Capital restated a hold rating on shares of Intertek Group in a report on Friday, August 3rd. Goldman Sachs Group upped their target price on Intertek Group from GBX 4,580 ($59.85) to GBX 5,510 ($72.00) and gave the company a neutral rating in a report on Tuesday, August 7th. Deutsche Bank reiterated a hold rating on shares of Intertek Group in a report on Monday, August 6th. Finally, Royal Bank of Canada reiterated an underperform rating and set a GBX 4,350 ($56.84) price target on shares of Intertek Group in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Intertek Group has an average rating of Hold and a consensus price target of GBX 5,300.91 ($69.27).

Shares of LON:ITRK opened at GBX 4,455 ($58.21) on Wednesday. Intertek Group has a 52-week low of GBX 3,826 ($49.99) and a 52-week high of GBX 5,470 ($71.48).

The firm also recently declared a dividend, which will be paid on Friday, October 19th. Stockholders of record on Thursday, October 4th will be issued a dividend of GBX 31.90 ($0.42) per share. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 4th.

In related news, insider Andre Lacroix sold 40,408 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of GBX 4,850 ($63.37), for a total transaction of £1,959,788 ($2,560,810.14). Also, insider Ross McCluskey sold 1,450 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of GBX 5,056 ($66.07), for a total value of £73,312 ($95,795.11).

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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Analyst Recommendations for Intertek Group (LON:ITRK)

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