Intertek Group (LON:ITRK) Price Target Raised to GBX 5,300 at UBS Group
Intertek Group (LON:ITRK) had its target price lifted by UBS Group from GBX 5,000 ($65.33) to GBX 5,300 ($69.25) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.
A number of other research firms have also recently commented on ITRK. Kepler Capital Markets raised their price target on shares of Intertek Group from GBX 5,150 ($67.29) to GBX 5,190 ($67.82) and gave the stock a hold rating in a report on Friday, May 24th. Morgan Stanley lowered shares of Intertek Group to an underweight rating and raised their price target for the company from GBX 4,700 ($61.41) to GBX 5,250 ($68.60) in a research report on Tuesday, August 6th. JPMorgan Chase & Co. reissued an overweight rating on shares of Intertek Group in a research report on Wednesday, May 15th. Numis Securities reaffirmed a hold rating on shares of Intertek Group in a research report on Thursday, May 16th. Finally, Deutsche Bank reiterated a buy rating on shares of Intertek Group in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Intertek Group currently has a consensus rating of Hold and a consensus price target of GBX 5,154 ($67.35).
ITRK opened at GBX 5,522 ($72.15) on Friday. Intertek Group has a twelve month low of GBX 56.22 ($0.73) and a twelve month high of GBX 5,982 ($78.17). The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 141.86. The company has a fifty day moving average of GBX 5,599.12 and a 200-day moving average of GBX 5,264.53. The stock has a market cap of $8.91 billion and a PE ratio of 30.83.
About Intertek Group
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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