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

Intertek Group plc (LON:ITRK) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 5,466.17.

ITRK has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a report on Thursday, March 5th. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and increased their price objective for the stock from GBX 4,475 to GBX 5,850 in a 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 report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 5,030 target price on shares of Intertek Group in a research note on Thursday, April 16th.

Intertek Group Stock Up 0.5%

ITRK stock opened at GBX 5,575.80 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. Intertek Group has a fifty-two week low of GBX 3,519.42 and a fifty-two week high of GBX 5,722.41. The firm’s 50-day simple moving average is GBX 4,309.18 and its 200 day simple moving average is GBX 4,513.42. The stock has a market cap of £8.56 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93.

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

Insider Activity

In other Intertek Group news, insider Colm Deasy sold 3,176 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £120,497.44. Also, insider Andrew Martin bought 485 shares of the stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 3,794 per share, for a total transaction of £18,400.90. Insiders have acquired 4,479 shares of company stock worth $17,624,681 in the last 90 days. 1.18% of the stock is currently owned by corporate 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.