Intertek Group plc (LON:ITRK) Receives Average Rating of “Moderate Buy” from Analysts

Intertek Group plc (LON:ITRK) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 5,331 ($67.63).

A number of equities analysts have weighed in on ITRK shares. Berenberg Bank boosted their target price on shares of Intertek Group from GBX 4,900 ($62.16) to GBX 5,400 ($68.50) and gave the stock a “buy” rating in a research note on Monday, April 15th. Redburn Partners raised shares of Intertek Group to a “buy” rating and set a GBX 6,000 ($76.11) target price for the company in a research note on Friday, April 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 5,200 ($65.96) target price on shares of Intertek Group in a research note on Tuesday, May 28th.

Intertek Group Price Performance

LON:ITRK opened at GBX 4,794 ($60.81) on Friday. The firm has a market cap of £7.72 billion, a PE ratio of 2,605.43, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64. Intertek Group has a 12 month low of GBX 3,746 ($47.52) and a 12 month high of GBX 5,145 ($65.27). The company has a quick ratio of 1.19, a current ratio of 1.09 and a debt-to-equity ratio of 89.53. The company’s 50-day moving average price is GBX 4,886.20 and its two-hundred day moving average price is GBX 4,669.01.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.