Intertek Group plc (LON:ITRK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Intertek Group plc (LON:ITRK) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 5,466.17.

Several research analysts recently weighed in on the company. Citigroup dropped their target price on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and increased their price objective for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research report on Thursday, April 16th.

Intertek Group Stock Up 1.5%

Shares of ITRK stock opened at GBX 5,637.96 on Friday. Intertek Group has a 1-year low of GBX 3,519.42 and a 1-year high of GBX 5,745. The stock’s fifty day moving average price is GBX 4,969.58 and its 200 day moving average price is GBX 4,582. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The company has a market cap of £8.65 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Insider Activity

In related news, insider Kawal Preet purchased 160 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was acquired at an average price of GBX 3,710 per share, with a total value of £5,936. Corporate insiders own 1.22% of the company’s stock.

Intertek Group Company Profile

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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.