Intertek Group (ITRK) Price Target Cut to GBX 5,000

Intertek Group (LON:ITRK) had its target price cut by UBS Group from GBX 5,400 ($70.56) to GBX 5,000 ($65.33) in a research report released on Tuesday, investing.thisismoney.co.uk reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank upgraded shares of Intertek Group to a buy rating and upped their target price for the company from GBX 5,200 ($67.95) to GBX 5,500 ($71.87) in a research note on Friday, October 5th. Barclays restated an equal weight rating and issued a GBX 4,950 ($64.68) target price on shares of Intertek Group in a research note on Wednesday, October 10th. Deutsche Bank upgraded shares of Intertek Group to a buy rating and upped their target price for the company from GBX 4,557 ($59.55) to GBX 5,100 ($66.64) in a research note on Tuesday, December 11th. Finally, Shore Capital restated a hold rating on shares of Intertek Group in a research note on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Intertek Group presently has an average rating of Hold and an average target price of GBX 5,273.64 ($68.91).

Shares of ITRK stock opened at GBX 5,058 ($66.09) on Tuesday. Intertek Group has a 12 month low of GBX 3,826 ($49.99) and a 12 month high of GBX 5,470 ($71.48).

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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