Intertek Group plc (OTCMKTS:IKTSY) Given Average Recommendation of “Hold” by Analysts – MarketBeat

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Shares of Intertek Group plc (OTCMKTS:IKTSYGet Rating) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6,105.33.

A number of brokerages have recently issued reports on IKTSY. HSBC lowered shares of Intertek Group from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Morgan Stanley lowered their target price on shares of Intertek Group from GBX 6,500 ($78.89) to GBX 6,080 ($73.80) in a research note on Friday, May 27th. Citigroup lowered their target price on shares of Intertek Group from GBX 6,604 ($80.16) to GBX 6,236 ($75.69) in a research note on Wednesday, March 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intertek Group from GBX 6,400 ($77.68) to GBX 6,000 ($72.82) in a research note on Thursday, May 26th.

OTCMKTS IKTSY opened at $52.26 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $60.92 and a two-hundred day moving average of $68.20. Intertek Group has a 52 week low of $50.60 and a 52 week high of $80.47.

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

Intertek Group Company Profile (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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