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

Intertek Group (LON:ITRK) had its price target lifted by research analysts at Berenberg Bank from GBX 5,800 ($74.74) to GBX 6,000 ($77.32) in a research report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 15.16% from the company’s previous close.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their target price on Intertek Group from GBX 5,400 ($69.59) to GBX 5,500 ($70.88) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Shore Capital raised shares of Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 5,675 ($73.13).

Intertek Group Stock Performance

Shares of LON:ITRK opened at GBX 5,210 ($67.14) on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The company has a market capitalization of £8.36 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.99 and a beta of 0.63. Intertek Group has a 12 month low of GBX 4,394 ($56.62) and a 12 month high of GBX 5,575 ($71.84). The firm’s 50-day moving average is GBX 5,028.14 and its 200 day moving average is GBX 4,894.27.

Intertek Group (LON:ITRK) last released its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) EPS for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. Research analysts predict that Intertek Group will post 263.7305699 EPS 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.