Intertek Group (LON:ITRK) Price Target Lowered to GBX 5,717 at Citigroup

Intertek Group (LON:ITRK) had its price target lowered by Citigroup from GBX 5,847 to GBX 5,717 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Jefferies Financial Group decreased their target price on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Intertek Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,169.50.

Intertek Group Trading Up 0.6%

LON:ITRK opened at GBX 4,068 on Thursday. The stock has a market cap of £6.25 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. Intertek Group has a fifty-two week low of GBX 3,882 and a fifty-two week high of GBX 5,335. 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 stock’s 50-day moving average is GBX 4,517.04 and its two-hundred day moving average is GBX 4,676.78.

Intertek Group (LON:ITRK) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, equities research analysts forecast that Intertek Group will post 263.7305699 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intertek Group news, insider Robin Freestone bought 2,455 shares of the stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of GBX 4,051 per share, with a total value of £99,452.05. 1.18% of the stock is currently owned by insiders.

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. 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.