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

Shares of Intertek Group plc (LON:ITRK) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 5,466.17.

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

Insider Activity

In other news, insider Jeremy (Jez) Maiden purchased 138 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of GBX 3,794 per share, with a total value of £5,235.72. Also, insider Tamara Ingram purchased 151 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of GBX 3,794 per share, for a total transaction of £5,728.94. Insiders bought a total of 4,479 shares of company stock valued at $17,624,681 in the last three months. Corporate insiders own 1.18% of the company’s stock.

Intertek Group Stock Up 0.3%

ITRK stock opened at GBX 5,495 on Tuesday. The firm’s fifty day simple moving average is GBX 4,466.42 and its 200-day simple moving average is GBX 4,528.55. The company has a market capitalization of £8.43 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. Intertek Group has a 12 month low of GBX 3,519.42 and a 12 month high of GBX 5,722.41.

Intertek Group (LON:ITRK) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, equities research analysts forecast that Intertek Group will post 263.7305699 earnings per share for the current year.

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.