Trade Report: The Royal Bank Of Canada Downgrades Intertek Group plc (ITRK) to Underperform

The Royal Bank Of Canada Downgrades Intertek Group plc (ITRK) to Underperform

Intertek Group plc (LON:ITRK) was downgraded by analysts at Royal Bank Of Canada to an “underperform” rating in a report released on Thursday.

ITRK has been the subject of a number of other reports. BNP Paribas reissued a “neutral” rating and set a GBX 3,500 ($43.32) price objective on shares of Intertek Group plc in a report on Monday, July 18th. Barclays PLC reissued an “equal weight” rating and set a GBX 3,700 ($45.79) price objective on shares of Intertek Group plc in a report on Tuesday, August 2nd. HSBC reissued a “reduce” rating and set a GBX 3,010 ($37.25) price objective on shares of Intertek Group plc in a report on Monday, August 8th. Credit Suisse Group AG lifted their price objective on Intertek Group plc from GBX 2,900 ($35.89) to GBX 3,200 ($39.60) and gave the company a “neutral” rating in a report on Monday, June 20th. Finally, Shore Capital reissued a “sell” rating on shares of Intertek Group plc in a report on Friday, July 22nd. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Intertek Group plc has an average rating of “Hold” and an average price target of GBX 3,321.88 ($41.11).

Shares of Intertek Group plc (LON:ITRK) opened at 3574.00 on Thursday. Intertek Group plc has a 12-month low of GBX 2,511.00 and a 12-month high of GBX 3,806.00. The firm’s market cap is GBX 5.75 billion. The company has a 50 day moving average of GBX 3,554.19 and a 200-day moving average of GBX 3,399.80.

The firm also recently disclosed a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be given a GBX 19.40 ($0.24) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.55%.

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