Jefferies Financial Group Has Lowered Expectations for Intertek Group (LON:ITRK) Stock Price

Intertek Group (LON:ITRK) had its price target reduced by stock analysts at Jefferies Financial Group from GBX 5,800 to GBX 4,800 in a report issued on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 18.66% from the stock’s current price.

Separately, Citigroup upped their target price on shares of Intertek Group from GBX 5,791 to GBX 5,833 and gave the company a “buy” rating in a research note on Thursday, November 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 5,169.50.

Intertek Group Stock Performance

Shares of LON ITRK opened at GBX 4,045.15 on Thursday. The firm has a market capitalization of £6.21 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.99 and a beta of 0.66. Intertek Group has a one year low of GBX 3,882 and a one year high of GBX 5,335. The business has a fifty day simple moving average of GBX 4,504.78 and a 200 day simple moving average of GBX 4,672.57. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20.

Intertek Group (LON:ITRK) last posted 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%. Sell-side analysts expect that Intertek Group will post 263.7305699 EPS for the current year.

Insider Transactions at Intertek Group

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

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.