Intertek Group (LON:ITRK – Get 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.
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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