Is Intertek Group PLC (LON:ITRK) Worth Your Time and Dime Following a Citigroup Downgrade?

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Intertek Group PLC (LON:ITRK) Receives a Downgrade

Citigroup has issued an update for Intertek Group PLC (LON:ITRK) shares with a new Sell rating in an analyst research report revealed on Thursday morning. Their target price per share on the stock is now GBX 2585.00.

From a total of 20 analysts covering Intertek Group PLC (LON:ITRK) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 13 a ”Hold”. This means that 19% of the ratings are positive. The highest target price is GBX 3300 while the lowest target price is GBX 2150. The mean of all analyst targets is GBX 2704.9 with a 0.03% above today’s (GBX 2700.05) stock price. Intertek Group PLC was the topic of 38 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on December 10 to “Sell” rating. Goldman Sachs maintained shares with “Neutral” rating and GBX 2780 target share price in a report from a November 24. Societe Generale maintained ITRK stock in a recent report from November 25 with “Hold” rating. RBC Capital Markets maintained the rating on October 30. RBC Capital Markets has a “Outperform” rating and a GBX 2950 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 24.

Approximately 86,123 shares of stock traded hands. Intertek Group plc (LON:ITRK) has risen 3.60% since May 13, 2015 and is uptrending. It has outperformed by 5.53% the S&P500.

 Is Intertek Group PLC (LON:ITRK) Worth Your Time and Dime Following a Citigroup Downgrade?

Intertek Group plc is a provider of quality solutions. The company has a market cap of 4.42 billion GBP.

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