Intertek Group (LON:ITRK) Price Target Raised to GBX 6,000 at Berenberg Bank

Intertek Group (LON:ITRK) had its price objective hoisted by research analysts at Berenberg Bank from GBX 5,800 ($74.76) to GBX 6,000 ($77.34) in a research report issued on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 14.61% from the company’s current price.

Several other research analysts have also commented on ITRK. JPMorgan Chase & Co. raised their price target on shares of Intertek Group from GBX 5,400 ($69.61) to GBX 5,500 ($70.89) and gave the company an “overweight” rating in a report on Thursday, December 5th. Shore Capital raised shares of Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.15).

Intertek Group Trading Down 0.3 %

Shares of ITRK traded down GBX 15 ($0.19) during mid-day trading on Wednesday, reaching GBX 5,235 ($67.48). The company had a trading volume of 1,525,237 shares, compared to its average volume of 1,115,758. Intertek Group has a fifty-two week low of GBX 4,394 ($56.64) and a fifty-two week high of GBX 5,575 ($71.86). The firm has a fifty day simple moving average of GBX 5,017.70 and a 200-day simple moving average of GBX 4,890.34. The stock has a market cap of £8.40 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83.

Intertek Group (LON:ITRK) last issued its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) earnings per share for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. On average, sell-side analysts anticipate that Intertek Group will post 263.7305699 EPS for the current fiscal 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.