Intertek Group plc (LON:ITRK) Given Consensus Rating of “Moderate Buy” by Analysts

Intertek Group plc (LON:ITRK) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 5,466.17.

Several research firms recently issued reports on ITRK. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, May 13th. Citigroup reduced their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,030 target price on shares of Intertek Group in a report on Thursday, April 16th. Finally, Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and increased their price objective for the company from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th.

Insider Buying and Selling at Intertek Group

In related news, insider Andrew Martin acquired 485 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of GBX 3,794 per share, with a total value of £18,400.90. Also, insider Kawal Preet acquired 160 shares of the business’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of GBX 3,710 per share, with a total value of £5,936. Over the last 90 days, insiders bought 4,479 shares of company stock worth $17,624,681. Insiders own 1.18% of the company’s stock.

Intertek Group Trading Down 0.2%

Intertek Group stock opened at GBX 5,480 on Tuesday. The firm has a 50 day moving average of GBX 4,434.06 and a 200 day moving average of GBX 4,528.85. The firm has a market capitalization of £8.41 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 1.99 and a beta of 0.93. Intertek Group has a 12-month low of GBX 3,519.42 and a 12-month high of GBX 5,722.41. 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 released its earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, research analysts predict that Intertek Group will post 263.7305699 earnings per share for the current year.

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.