Intertek Group (OTCMKTS:IKTSY – Free Report) had its price objective upped by Morgan Stanley from GBX 4,450 ($56.87) to GBX 4,470 ($57.12) in a report issued on Tuesday, FlyOnTheWall reports.
Several other equities analysts also recently commented on the company. Sanford C. Bernstein initiated coverage on Intertek Group in a research report on Wednesday, April 19th. They issued a market perform rating for the company. JPMorgan Chase & Co. cut their target price on shares of Intertek Group from GBX 4,500 ($57.51) to GBX 4,400 ($56.23) in a research report on Wednesday, July 12th. Finally, Royal Bank of Canada upgraded shares of Intertek Group from an underperform rating to a sector perform rating in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Intertek Group has an average rating of Hold and a consensus price target of $4,435.00.
Read Our Latest Stock Report on IKTSY
Intertek Group Stock Performance
Intertek Group Increases Dividend
The company also recently announced a dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, May 26th were given a dividend of $0.8454 per share. The ex-dividend date was Thursday, May 25th. This represents a dividend yield of 2.34%. This is a boost from Intertek Group’s previous dividend of $0.37.
About Intertek Group
Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, 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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