Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,100 shares, an increase of 266.7% from the March 31st total of 300 shares. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is presently 0.1 days.

IKTSY opened at $62.63 on Thursday. Intertek Group has a 1-year low of $61.42 and a 1-year high of $87.50. The business has a 50 day moving average price of $67.69 and a two-hundred day moving average price of $70.81.

IKTSY has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Intertek Group from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 26th. Credit Suisse Group raised Intertek Group from a “neutral” rating to an “outperform” rating in a report on Thursday, January 20th. Citigroup lowered their price objective on Intertek Group from GBX 6,604 ($84.17) to GBX 6,236 ($79.48) in a report on Wednesday, March 2nd. Zacks Investment Research raised Intertek Group from a “sell” rating to a “hold” rating and set a $79.00 price objective for the company in a report on Tuesday, February 15th. Finally, HSBC lowered Intertek Group from a “buy” rating to a “hold” rating in a report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3,157.50.

Intertek Group Company Profile (Get Rating)

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. 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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