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

Intertek Group plc (LON:ITRK) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 5,331 ($67.88).

Several equities analysts recently weighed in on ITRK shares. Redburn Partners upgraded Intertek Group to a “buy” rating and set a GBX 6,000 ($76.40) target price on the stock in a research report on Friday, April 19th. Berenberg Bank raised their target price on shares of Intertek Group from GBX 4,900 ($62.40) to GBX 5,400 ($68.76) and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 5,200 ($66.22) price target on shares of Intertek Group in a research report on Tuesday, May 28th.

Intertek Group Stock Performance

Shares of LON ITRK opened at GBX 4,864 ($61.94) on Tuesday. The company has a 50-day simple moving average of GBX 4,910.01 and a 200-day simple moving average of GBX 4,603.85. The company has a debt-to-equity ratio of 89.53, a current ratio of 1.09 and a quick ratio of 1.19. The company has a market cap of £7.84 billion, a PE ratio of 2,633.70, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64. Intertek Group has a 12 month low of GBX 3,746 ($47.70) and a 12 month high of GBX 5,145 ($65.52).

Insider Transactions at Intertek Group

In other Intertek Group news, insider Jeremy (Jez) Maiden acquired 114 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of GBX 5,032 ($64.08) per share, for a total transaction of £5,736.48 ($7,304.83). Company insiders own 0.44% of the company’s stock.

Intertek Group Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.