Citigroup Issues Pessimistic Forecast for Intertek Group (LON:ITRK) Stock Price

Intertek Group (LON:ITRK) had its price target reduced by Citigroup from GBX 5,847 to GBX 5,717 in a research note issued on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 41.33% from the stock’s current price.

Separately, Jefferies Financial Group cut their price objective on Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,169.50.

Intertek Group Trading Up 0.0%

Shares of LON ITRK opened at GBX 4,045.15 on Thursday. Intertek Group has a twelve month low of GBX 3,882 and a twelve month high of GBX 5,335. The stock has a market cap of £6.21 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.99 and a beta of 0.66. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The company’s fifty day moving average is GBX 4,504.78 and its 200-day moving average is GBX 4,672.57.

Intertek Group (LON:ITRK) last issued its quarterly earnings data 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%. Equities research analysts predict that Intertek Group will post 263.7305699 EPS for the current year.

Insider Activity

In other news, insider Robin Freestone purchased 2,455 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of GBX 4,051 per share, with a total value of £99,452.05. 1.18% of the stock is owned by corporate 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.