The Credit Suisse Group AG Downgrades Intertek Group plc (ITRK) to Underperform

The Credit Suisse Group AG Downgrades Intertek Group plc (ITRK) to Underperform

Intertek Group plc (LON:ITRK) was downgraded by Credit Suisse Group AG to an “underperform” rating in a research note issued to investors on Tuesday. They presently have a GBX 3,200 ($38.61) price objective on the stock, down from their prior price objective of GBX 3,400 ($41.02). Credit Suisse Group AG’s target price indicates a potential downside of 7.57% from the company’s current price.

A number of other research firms have also recently issued reports on ITRK. Royal Bank Of Canada cut Intertek Group plc to an “underperform” rating and set a GBX 3,400 ($41.02) price objective for the company. in a research report on Thursday, October 13th. Barclays PLC reissued an “equal weight” rating and set a GBX 3,750 ($45.24) price target on shares of Intertek Group plc in a report on Friday, January 13th. BNP Paribas reissued a “neutral” rating and set a GBX 3,500 ($42.22) price target on shares of Intertek Group plc in a report on Monday, September 26th. Jefferies Group raised Intertek Group plc to a “buy” rating and lifted their price target for the stock from GBX 3,000 ($36.19) to GBX 4,300 ($51.88) in a report on Tuesday, October 4th. Finally, Societe Generale reissued a “hold” rating and set a GBX 3,400 ($41.02) price target on shares of Intertek Group plc in a report on Monday, December 5th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 3,502.50 ($42.25).

Intertek Group plc (LON:ITRK) opened at 3485.00 on Tuesday. Intertek Group plc has a 1-year low of GBX 2,569.00 and a 1-year high of GBX 3,806.00. The firm’s market cap is GBX 5.61 billion. The firm has a 50-day moving average price of GBX 3,383.70 and a 200-day moving average price of GBX 3,463.26.

About Intertek Group plc

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