Intertek Group (LON:ITRK) Earns Buy Rating from Jefferies Financial Group

Intertek Group (LON:ITRK)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a report released on Friday, MarketBeat.com reports. They currently have a GBX 4,800 price objective on the stock. Jefferies Financial Group’s target price points to a potential downside of 3.40% from the company’s current price.

Several other brokerages have also commented on ITRK. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 5,030 price target on shares of Intertek Group in a research note on Thursday. Citigroup decreased their price target on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,124.50.

Intertek Group Stock Performance

LON ITRK opened at GBX 4,969 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20. The business’s 50 day moving average is GBX 4,076.24 and its two-hundred day moving average is GBX 4,497.93. Intertek Group has a 12-month low of GBX 3,519.42 and a 12-month high of GBX 5,150. The stock has a market capitalization of £7.63 billion, a price-to-earnings ratio of 23.00, a PEG 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 EPS for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. Research analysts expect that Intertek Group will post 263.7305699 EPS for the current year.

Insider Buying and Selling

In other Intertek Group news, insider Colm Deasy sold 3,176 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of GBX 3,794, for a total value of £120,497.44. Also, insider Robin Freestone purchased 2,455 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of GBX 4,051 per share, with a total value of £99,452.05. Insiders acquired a total of 4,479 shares of company stock worth $17,624,681 in the last three months. 1.18% of the stock is currently owned by insiders.

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. 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.