Intertek Group plc (LON:ITRK) was downgraded by equities research analysts at HSBC to a “reduce” rating in a research note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a GBX 2,400 ($34.53) target price on the stock, down from their prior target price of GBX 2,650 ($38.12). HSBC’s price objective suggests a potential downside of 14.03% from the stock’s previous close.

Shares of Intertek Group plc (LON:ITRK) traded down 1.35% during mid-day trading on Thursday, reaching GBX 2791.76. 383,236 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 2,733.82 and its 200-day moving average price is GBX 2,608.85. Intertek Group plc has a 12-month low of GBX 2,290.00 and a 12-month high of GBX 2,949.00. The stock’s market capitalization is GBX 4.49 billion.

Several other research firms also recently weighed in on ITRK. Baader Helvea restated a “hold” rating and set a GBX 2,800 ($40.28) price target on shares of Intertek Group plc in a research report on Wednesday, October 14th. Shore Capital restated a “hold” rating on shares of Intertek Group plc in a research report on Wednesday, October 14th. Credit Suisse restated a “neutral” rating and set a GBX 2,500 ($35.97) price target on shares of Intertek Group plc in a research report on Thursday, October 15th. Deutsche Bank restated a “hold” rating and set a GBX 2,654 ($38.18) price target (up previously from GBX 2,645 ($38.05)) on shares of Intertek Group plc in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,823 ($40.61) price target on shares of Intertek Group plc in a research report on Thursday, October 15th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,690.53 ($38.71).

Intertek Group plc is a provider of quality solutions. The Company operates through five business segments: Industry & Assurance, which offers asset integrity management, exploration and production support, consulting, training and third-party management systems auditing services; Commodities, which offers independent cargo inspection, analytical assessment, calibration and related research and technical services to the petroleum, mining and biofuels industries; Consumer Goods, which offers testing, inspection, auditing, advisory services, quality assurance and hazardous substance testing services to the textiles, food and retail industries; Commercial & Electrical, which provides manufacturers and retailers with safety, performance, and quality testing and certification services, and Chemicals & Pharmaceuticals, which offers laboratory measurement and consultancy related technical support services to chemical, pharmaceutical, oil and gas, and automotive and aerospace industries.

Receive News & Ratings for Intertek Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertek Group plc and related companies with MarketBeat.com's FREE daily email newsletter.