Shore Capital Reiterates “Hold” Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “hold” rating reaffirmed by investment analysts at Shore Capital in a research report issued on Thursday, MarketBeat reports.

Separately, Berenberg Bank raised their target price on Intertek Group from GBX 5,800 ($78.52) to GBX 6,000 ($81.22) and gave the stock a “buy” rating in a research note on Wednesday, March 5th.

Intertek Group Stock Up 0.0%

ITRK stock opened at GBX 4,758.10 ($64.41) on Thursday. The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. The company has a market capitalization of £7.64 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.99 and a beta of 0.63. Intertek Group has a fifty-two week low of GBX 4,044 ($54.74) and a fifty-two week high of GBX 5,575 ($75.47). The stock has a fifty day moving average of GBX 4,689.09 and a 200-day moving average of GBX 4,813.56.

Intertek Group (LON:ITRK) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.28) earnings per share for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. As a group, equities research analysts predict that Intertek Group will post 263.7305699 earnings per share for the current year.

Insider Activity

In other Intertek Group news, insider Andre Lacroix sold 39,498 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($67.61), for a total value of £1,972,530.12 ($2,670,272.26). Also, insider Robin Freestone purchased 2,198 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of GBX 4,525 ($61.26) per share, for a total transaction of £99,459.50 ($134,641.26). Insiders own 0.45% of the company’s stock.

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.