Intertek Group (LON:ITRK) Earns Hold Rating from Berenberg Bank

Intertek Group (LON:ITRKGet Rating)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 5,500 ($69.21) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 19.28% from the company’s previous close.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,640 ($70.97) target price on shares of Intertek Group in a research report on Thursday, March 3rd. Shore Capital reaffirmed a “hold” rating on shares of Intertek Group in a research note on Tuesday, March 1st. Morgan Stanley reissued an “overweight” rating on shares of Intertek Group in a research report on Wednesday, May 11th. Citigroup upgraded shares of Intertek Group to a “buy” rating and set a GBX 6,604 ($83.10) price target for the company in a report on Monday, February 28th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Intertek Group in a research note on Thursday, April 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intertek Group presently has a consensus rating of “Hold” and an average price target of GBX 5,783.63 ($72.78).

Shares of LON ITRK opened at GBX 4,611 ($58.02) on Wednesday. The stock has a market cap of £7.44 billion and a P/E ratio of 26.08. The firm has a 50 day moving average price of GBX 5,061.28 and a two-hundred day moving average price of GBX 5,248.50. The company has a debt-to-equity ratio of 115.90, a quick ratio of 0.71 and a current ratio of 0.76. Intertek Group has a 52-week low of GBX 4,587 ($57.72) and a 52-week high of GBX 5,904 ($74.29).

In other news, insider Andre Lacroix sold 7,526 shares of Intertek Group stock in a transaction on Monday, March 21st. The stock was sold at an average price of GBX 5,153 ($64.84), for a total transaction of £387,814.78 ($488,001.48).

Intertek Group Company Profile (Get Rating)

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. 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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Analyst Recommendations for Intertek Group (LON:ITRK)

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