INTERTEK GRP PL/ADR (IKTSY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of INTERTEK GRP PL/ADR (OTCMKTS:IKTSY) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “Intertek Group plc provides assurance, testing, inspection and certification solutions. It serves laboratories and offices. Intertek Group plc is headquartered in London, the United Kingdom. “

IKTSY has been the subject of several other reports. Barclays downgraded shares of INTERTEK GRP PL/ADR from an equal weight rating to an underweight rating in a report on Wednesday, March 6th. Jefferies Financial Group downgraded shares of INTERTEK GRP PL/ADR from a buy rating to a hold rating in a report on Friday, February 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold.

Shares of OTCMKTS:IKTSY opened at $68.70 on Wednesday. The firm has a market cap of $11.09 billion, a PE ratio of 25.92, a P/E/G ratio of 4.35 and a beta of 0.90. INTERTEK GRP PL/ADR has a 52-week low of $56.42 and a 52-week high of $80.35.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 17th will be issued a $0.834 dividend. The ex-dividend date of this dividend is Thursday, May 16th. INTERTEK GRP PL/ADR’s payout ratio is 63.02%.

INTERTEK GRP PL/ADR Company Profile

Intertek Group plc provides quality and safety solutions to various industries worldwide. 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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