Intertek Group (LON:ITRK) Price Target Raised to GBX 5,050 at Berenberg Bank

Intertek Group (LON:ITRK) had its price target boosted by Berenberg Bank from GBX 4,800 ($62.72) to GBX 5,050 ($65.99) in a report released on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also recently weighed in on ITRK. UBS Group increased their price objective on Intertek Group from GBX 5,000 ($65.33) to GBX 5,300 ($69.25) and gave the company a neutral rating in a research report on Friday, August 16th. Deutsche Bank reissued a buy rating on shares of Intertek Group in a research report on Monday, September 16th. Shore Capital reissued a hold rating on shares of Intertek Group in a research report on Thursday, August 1st. Finally, Morgan Stanley cut Intertek Group to an underweight rating and increased their price objective for the company from GBX 4,700 ($61.41) to GBX 5,250 ($68.60) in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 5,271.11 ($68.88).

ITRK opened at GBX 5,356 ($69.99) on Friday. 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 current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 141.86. The stock has a market capitalization of $8.60 billion and a price-to-earnings ratio of 29.91. The business has a 50 day moving average of GBX 5,426.07 and a 200-day moving average of GBX 5,349.25.

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

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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