Brokerages Set Intertek Group plc (LON:ITRK) Price Target at GBX 5,300

Shares of Intertek Group plc (LON:ITRK) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 5,300.

Several equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 5,000 price objective on shares of Intertek Group in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,300 target price on shares of Intertek Group in a report on Monday, August 4th. JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of Intertek Group in a research report on Thursday, July 17th. Berenberg Bank restated a “buy” rating and set a GBX 5,700 price target on shares of Intertek Group in a report on Wednesday, August 6th. Finally, Shore Capital reissued a “hold” rating and issued a GBX 4,500 price target on shares of Intertek Group in a research report on Friday, August 1st.

Insiders Place Their Bets

In other Intertek Group news, insider Robin Freestone bought 2,191 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of GBX 4,541 per share, with a total value of £99,493.31. 1.17% of the stock is currently owned by corporate insiders.

Intertek Group Stock Up 0.4%

ITRK stock opened at GBX 4,680.42 on Thursday. The business’s fifty day moving average price is GBX 4,759.42 and its two-hundred day moving average price is GBX 4,765.92. The stock has a market capitalization of £7.28 billion, a price-to-earnings ratio of 2,094.15, a PEG ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. Intertek Group has a fifty-two week low of GBX 4,044 and a fifty-two week high of GBX 5,575.

Intertek Group (LON:ITRK) last issued its quarterly earnings data on Friday, August 1st. The company reported GBX 112.50 earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. On average, equities analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current year.

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.