Rating Worth Mentioning: Time To Buy Intertek Group PLC (LON:ITRK), Societe Generale Upgrades It

November 24, 2016 - By Adrian Mccoy

Intertek Group PLC (LON:ITRK) Upgrade

Societe Generale has raised Intertek Group PLC (LON:ITRK) stock to a Hold in a a research report sent to investors on Thursday, 24 November, and has set a 12 month target price at GBX 3400.00. This target is 5.69% from ITRK’s last price.

Intertek Group plc (LON:ITRK) Ratings Coverage

Out of 21 analysts covering Intertek Group PLC (LON:ITRK), 5 rate it a “Buy”, 5 “Sell”, while 11 “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 4.03% above today’s (GBX 3207) stock price. Intertek Group PLC has been the topic of 127 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Intertek Group plc (LON:ITRK) earned “Neutral” rating by BNP Paribas on Monday, September 12. The firm has “Outperform” rating by BNP Paribas given on Monday, August 10. The rating was maintained by JP Morgan on Tuesday, August 2 with “Overweight”. The rating was maintained by Societe Generale with “Hold” on Monday, October 19. The firm earned “Equal Weight” rating on Tuesday, August 2 by Barclays Capital. Beaufort Securities downgraded the shares of ITRK in a report on Tuesday, August 2 to “Sell” rating. The stock of Intertek Group plc (LON:ITRK) earned “Underperform” rating by RBC Capital Markets on Thursday, October 13. The stock of Intertek Group plc (LON:ITRK) earned “Outperform” rating by RBC Capital Markets on Friday, December 18. The firm has “Neutral” rating given on Monday, August 8 by BNP Paribas. As per Monday, April 11, the company rating was maintained by BNP Paribas.

About 78,691 shares traded hands. Intertek Group plc (LON:ITRK) has declined 4.25% since April 26, 2016 and is downtrending. It has underperformed by 9.66% the S&P500.

Intertek Group plc is engaged in providing assurance, testing, inspection and certification services. The company has a market cap of 5.17 billion GBP.

ITRK Company Profile

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.

Another recent and important Intertek Group plc (LON:ITRK) news was published by Fool.Co.Uk which published an article titled: “Is It Time To Buy GlaxoSmithKline plc, Intertek Group plc & Weir Group plc?” on April 24, 2016.

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