Intertek Group (LON:ITRK) Earns “Hold” Rating from Deutsche Bank Aktiengesellschaft

Intertek Group (LON:ITRKGet Rating)‘s stock had its “hold” rating reiterated by Deutsche Bank Aktiengesellschaft in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 5,640 ($70.97) price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 22.66% from the stock’s previous close.

A number of other research firms have also recently commented on ITRK. Citigroup upgraded 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. Morgan Stanley reiterated an “overweight” rating on shares of Intertek Group in a report on Wednesday, May 11th. Shore Capital restated a “hold” rating on shares of Intertek Group in a report on Tuesday, March 1st. Berenberg Bank restated a “hold” rating and set a GBX 5,500 ($69.21) price objective on shares of Intertek Group in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Intertek Group from GBX 6,400 ($80.53) to GBX 6,000 ($75.50) and set an “overweight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 5,733.63 ($72.15).

Intertek Group stock opened at GBX 4,597.96 ($57.86) on Thursday. Intertek Group has a 52 week low of GBX 4,587 ($57.72) and a 52 week high of GBX 5,824 ($73.29). The company has a debt-to-equity ratio of 115.90, a quick ratio of 0.71 and a current ratio of 0.76. The stock has a market capitalization of £7.42 billion and a P/E ratio of 25.88. The stock has a 50-day simple moving average of GBX 5,052.08 and a 200 day simple moving average of GBX 5,244.57.

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

About Intertek Group (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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