Intertek Group plc (LON:ITRK) Receives Average Recommendation of “Hold” from Analysts

Intertek Group plc (LON:ITRK) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 4,952.22 ($63.03).

A number of equities research analysts have recently commented on the stock. Shore Capital reiterated a “sell” rating on shares of Intertek Group in a report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on shares of Intertek Group from GBX 5,900 ($75.09) to GBX 5,000 ($63.64) and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Jefferies Financial Group increased their price objective on shares of Intertek Group from GBX 5,350 ($68.09) to GBX 6,100 ($77.64) and gave the company a “buy” rating in a research report on Monday, May 25th. Credit Suisse Group increased their price objective on shares of Intertek Group from GBX 4,400 ($56.00) to GBX 5,000 ($63.64) and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank restated a “hold” rating on shares of Intertek Group in a research report on Friday, May 22nd.

Shares of LON:ITRK traded up GBX 50 ($0.64) during trading on Friday, reaching GBX 5,460 ($69.49). 231,402 shares of the stock traded hands, compared to its average volume of 450,024. The stock has a 50-day moving average of GBX 5,194.30 and a two-hundred day moving average of GBX 5,305.56. Intertek Group has a 52-week low of GBX 56.22 ($0.72) and a 52-week high of GBX 6,178 ($78.63). The company has a debt-to-equity ratio of 111.93, a quick ratio of 1.01 and a current ratio of 1.07. The stock has a market cap of $8.81 billion and a P/E ratio of 28.35.

In other news, insider Lena Wilson acquired 389 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were purchased at an average cost of GBX 4,710 ($59.95) per share, for a total transaction of £18,321.90 ($23,319.21).

Intertek Group Company Profile

Intertek Group plc provides quality and safety solutions to various industries worldwide. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.

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Analyst Recommendations for Intertek Group (LON:ITRK)

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