Intertek Group (LON:ITRK) Price Target Cut to GBX 5,717 by Analysts at Citigroup

Intertek Group (LON:ITRK) had its price target dropped by equities researchers at Citigroup from GBX 5,847 to GBX 5,717 in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 41.37% from the company’s previous close.

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

Intertek Group Stock Up 0.2%

LON:ITRK traded up GBX 10 during trading hours on Thursday, reaching GBX 4,044. The company had a trading volume of 779,361 shares, compared to its average volume of 2,733,589. Intertek Group has a twelve month low of GBX 3,882 and a twelve month high of GBX 5,335. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 128.18. The firm has a market cap of £6.21 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.99 and a beta of 0.65. The business’s 50-day simple moving average is GBX 4,529.32 and its two-hundred day simple moving average is GBX 4,681.21.

Intertek Group (LON:ITRK) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.66% and a return on equity of 28.61%. On average, equities analysts expect that Intertek Group will post 263.7305699 earnings per share for the current year.

Insider Activity

In other Intertek Group news, insider Robin Freestone bought 2,455 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of GBX 4,051 per share, for a total transaction of £99,452.05. 1.18% of the stock is currently 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.