Jefferies Financial Group Reiterates “Buy” Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 4,800 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 0.97% from the company’s previous close.

Separately, Citigroup dropped their price objective on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intertek Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,124.50.

Intertek Group Stock Up 9.0%

LON ITRK opened at GBX 4,753.95 on Wednesday. The stock has a 50 day moving average price of GBX 4,066.62 and a 200-day moving average price of GBX 4,497.57. Intertek Group has a one year low of GBX 3,519.42 and a one year high of GBX 5,150. The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08. The company has a market capitalization of £7.30 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.99 and a beta of 0.81.

Intertek Group (LON:ITRK) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, equities analysts predict that Intertek Group will post 263.7305699 EPS for the current fiscal year.

Insider Transactions at Intertek Group

In other Intertek Group news, insider Andrew Martin purchased 485 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of GBX 3,794 per share, with a total value of £18,400.90. Also, insider Tamara Ingram acquired 151 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of GBX 3,794 per share, with a total value of £5,728.94. In the last 90 days, insiders bought 4,479 shares of company stock valued at $17,624,681. Company insiders own 1.18% 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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.