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

Intertek Group (LON:ITRK)‘s stock had its “hold” rating reaffirmed by stock analysts at Shore Capital in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 4,500 ($59.73) price target on the stock. Shore Capital’s price objective indicates a potential downside of 2.39% from the company’s current price.

ITRK has been the subject of several other research reports. Berenberg Bank dropped their price objective on shares of Intertek Group from GBX 6,000 ($79.64) to GBX 5,700 ($75.66) and set a “buy” rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of Intertek Group in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 5,000 ($66.37) price target on shares of Intertek Group in a report on Friday, July 11th.

Intertek Group Stock Performance

Shares of LON:ITRK opened at GBX 4,610 ($61.19) on Friday. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The business’s fifty day moving average price is GBX 4,803.37 and its two-hundred day moving average price is GBX 4,858.57. Intertek Group has a fifty-two week low of GBX 4,044 ($53.68) and a fifty-two week high of GBX 5,575 ($74.00). The stock has a market capitalization of £7.40 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK) last issued its earnings results on Friday, August 1st. The company reported GBX 112.50 ($1.49) EPS for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. As a group, analysts predict that Intertek Group will post 263.7305699 EPS for the current fiscal year.

Intertek Group Company Profile

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.