Intertek Group (LON:ITRK) Earns Buy Rating from Deutsche Bank
Deutsche Bank reaffirmed their buy rating on shares of Intertek Group (LON:ITRK) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
ITRK has been the subject of a number of other reports. Shore Capital reissued a hold rating on shares of Intertek Group in a research report on Thursday, August 1st. Morgan Stanley downgraded Intertek Group to an underweight rating and raised their target price for the stock from GBX 4,700 ($61.41) to GBX 5,250 ($68.60) in a research report on Tuesday, August 6th. Kepler Capital Markets raised their target price on Intertek Group from GBX 5,150 ($67.29) to GBX 5,190 ($67.82) and gave the stock a hold rating in a research report on Friday, May 24th. Barclays reissued an underweight rating on shares of Intertek Group in a research report on Friday, May 24th. Finally, UBS Group raised their target price on Intertek Group from GBX 5,000 ($65.33) to GBX 5,300 ($69.25) and gave the stock a neutral rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 5,243.33 ($68.51).
LON:ITRK opened at GBX 5,412 ($70.72) on Monday. The company has a debt-to-equity ratio of 141.86, a current ratio of 1.35 and a quick ratio of 1.32. The business has a fifty day simple moving average of GBX 5,516.83 and a two-hundred day simple moving average of GBX 5,304.91. Intertek Group has a 1 year low of GBX 56.22 ($0.73) and a 1 year high of GBX 5,982 ($78.17). The company has a market capitalization of $8.73 billion and a P/E ratio of 30.22.
Intertek Group 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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