November 23, 2016 - By Vivian Park
London: In a research note sent to investors on 23 November, JP Morgan Cazenove reaffirmed their “Overweight” rating on shares of Intertek Group PLC (LON:ITRK). They currently have a GBX 3630.00 PT on the company. JP Morgan Cazenove’s target indicates a potential upside of 13.53% from the company’s current stock price.
Out of 21 analysts covering Intertek Group PLC (LON:ITRK), 5 rate it a “Buy”, 7 “Sell”, while 9 “Hold”. This means 24% are positive. GBX 4300 is the highest target while GBX 2120 is the lowest. The GBX 3336.30 average target is 4.19% above today’s (GBX 3202) stock price. Intertek Group PLC has been the topic of 124 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Thursday, March 3 the stock rating was maintained by Jefferies with “Underperform”. The firm earned “Neutral” rating on Monday, March 7 by BNP Paribas. The rating was maintained by Deutsche Bank with “Hold” on Thursday, May 26. The firm earned “Reduce” rating on Tuesday, August 2 by Numis Securities. Jefferies maintained the shares of ITRK in a report on Monday, September 28 with “Underperform” rating. UBS maintained it with “Buy” rating and GBX 4100 target price in Wednesday, October 26 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, November 23. Barclays Capital maintained the shares of ITRK in a report on Friday, February 5 with “Equal Weight” rating. Credit Suisse maintained Intertek Group plc (LON:ITRK) on Monday, June 20 with “Neutral” rating. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, September 8 report.
About 88,607 shares traded hands. Intertek Group plc (LON:ITRK) has declined 4.45% since April 25, 2016 and is downtrending. It has underperformed by 9.78% the S&P500.
Intertek Group plc is engaged in providing assurance, testing, inspection and certification services. The company has a market cap of 5.16 billion GBP.
Interlink Plus, Inc., incorporated on May 11, 2015, is engaged in providing services for overseas travel agents on hotel price quotation and negotiation, contract reviewing, detailed guests’ arrangements, hotel check-in assistance and tradeshow assistance. The Firm operates through two divisions, which include travel agency assistance services and convention services. The Firm also engages with a travel agency to assist it with hotel booking and customer service assistance. The Firm acts as a hotel booking service for groups of its clients that have sign up on their Website. The Firm is also engaged in catering to the individual exhibitors at the exhibitions.
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By Vivian Park