Intertek Group plc (LON:ITRK) Given Consensus Recommendation of “Moderate Buy” by 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.

ITRK has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 5,030 price target on shares of Intertek Group in a research report on Thursday, April 16th. Citigroup reduced their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research report on Thursday, March 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and raised their price target for the stock from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th.

Insider Transactions at Intertek Group

In other Intertek Group news, insider Kawal Preet purchased 160 shares of Intertek Group stock in a transaction on Monday, March 16th. The stock was bought at an average cost 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 Trading Up 1.5%

LON ITRK opened at GBX 5,637.96 on Friday. The company has a fifty day simple moving average of GBX 4,969.58 and a two-hundred day simple moving average of GBX 4,582. The stock has a market cap of £8.65 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.99 and a beta of 0.97. Intertek Group has a 12-month low of GBX 3,519.42 and a 12-month high of GBX 5,745. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20.

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.