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Home / Momentum / Intertek (ITRK.L) 29-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Intertek (ITRK.L) 29-01-20

Will shares in Intertek (ITRK.L) continue to rally, setting new recent highs?

 

  • Now trading at 6078p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -0% from 12-month highs; +30% from 12 month lows.

Latest News

27 Jan:  Berenberg reiterates its hold rating on Intertek Group (ITRK) and increased the target price to 5300p (from 5050p).

15 Jan:  Goldman Sachs reiterates its sell rating on Intertek Group (ITRK) and increased the target price to 5300p (from 5100p).

08 Jan:  UBS reiterates its neutral rating on Intertek Group (ITRK) and increased the target price to 5700p (from 5300p).

27 Nov:  Jefferies International reiterates its buy rating on Intertek Group (ITRK) and increased the target price to 6300p (from 6100p).

 

26 Nov:  Intertek, the quality assurance provider, posted an increase in revenues for the 10 months to the end of October. The good performance was largely due to a recent acquisitions and favourable FX movements.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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