Intertek Group (ITRK) Earns Buy Rating from Analysts at Redburn Partners

Redburn Partners began coverage on shares of Intertek Group (LON:ITRK) in a research report sent to investors on Wednesday. The firm issued a buy rating on the stock.

Several other research analysts also recently commented on ITRK. Credit Suisse Group boosted their target price on Intertek Group from GBX 4,520 ($63.89) to GBX 5,450 ($77.03) and gave the stock an underperform rating in a research note on Wednesday, January 3rd. Jefferies Group reaffirmed a buy rating and issued a GBX 5,800 ($81.98) price objective on shares of Intertek Group in a research note on Thursday, January 25th. Deutsche Bank upped their price objective on Intertek Group from GBX 4,800 ($67.84) to GBX 5,000 ($70.67) and gave the company a hold rating in a research note on Thursday, February 22nd. Berenberg Bank upped their price objective on Intertek Group from GBX 4,600 ($65.02) to GBX 4,700 ($66.43) and gave the company a hold rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase reaffirmed an overweight rating and issued a GBX 5,646 ($79.80) price objective on shares of Intertek Group in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Intertek Group presently has a consensus rating of Hold and a consensus target price of GBX 4,916 ($69.48).

Shares of LON ITRK opened at GBX 4,822 ($68.16) on Wednesday. Intertek Group has a 52 week low of GBX 3,826 ($54.08) and a 52 week high of GBX 5,470 ($77.31).



The firm also recently declared a dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Thursday, May 17th will be issued a dividend of GBX 47.80 ($0.68) per share. This represents a dividend yield of 0.97%. This is a boost from Intertek Group’s previous dividend of $23.50. The ex-dividend date of this dividend is Thursday, May 17th.

In other Intertek Group news, insider Jean-Michel Valette purchased 112 shares of the business’s stock in a transaction on Friday, March 9th. The shares were purchased at an average cost of GBX 5,012 ($70.84) per share, for a total transaction of £5,613.44 ($7,934.19).

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Intertek Group Company Profile

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 (LON:ITRK)

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