Shore Capital Reaffirms Sell Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “sell” rating reissued by investment analysts at Shore Capital in a research report issued to clients and investors on Tuesday, Marketbeat reports.

A number of other research firms have also recently issued reports on ITRK. JPMorgan Chase & Co. raised their price target on shares of Intertek Group from GBX 5,400 ($70.03) to GBX 5,500 ($71.33) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Berenberg Bank raised their price target on shares of Intertek Group from GBX 5,800 ($75.22) to GBX 6,000 ($77.81) and gave the stock a “buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.60).

Intertek Group Price Performance

Shares of ITRK stock opened at GBX 4,994 ($64.76) on Tuesday. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The company has a market capitalization of £8.02 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.99 and a beta of 0.63. The company’s 50-day simple moving average is GBX 5,059.08 and its two-hundred day simple moving average is GBX 4,905.93. Intertek Group has a one year low of GBX 4,394 ($56.98) and a one year high of GBX 5,575 ($72.30).

Intertek Group (LON:ITRK) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.15) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. As a group, equities analysts anticipate that Intertek Group will post 263.7305699 EPS for the current year.

About Intertek Group

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life.