Intertek Group plc (OTCMKTS:IKTSY) Given Average Rating of “Hold” by Brokerages

Shares of Intertek Group plc (OTCMKTS:IKTSY – Get Rating) have been assigned an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6,236.00.

A number of equities analysts have commented on the company. HSBC lowered Intertek Group from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. JPMorgan Chase & Co. upgraded Intertek Group from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 26th. Zacks Investment Research downgraded Intertek Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, Citigroup dropped their target price on Intertek Group from GBX 6,604 ($83.10) to GBX 6,236 ($78.47) in a research report on Wednesday, March 2nd.

Intertek Group stock opened at $59.22 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.76 and a quick ratio of 0.75. The business’s fifty day moving average is $65.33 and its two-hundred day moving average is $69.98. Intertek Group has a 52 week low of $58.53 and a 52 week high of $86.38.

The business also recently disclosed a dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, May 27th will be issued a $0.8905 dividend. The ex-dividend date is Thursday, May 26th. This represents a yield of 2.13%.

About Intertek Group (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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