Intertek Group's (ITRK) Hold Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Intertek Group and maintained a GBX 6,000 price target, implying approximately 1.27% upside from the prior close.
• Royal Bank of Canada also maintained a “Sector Perform” rating with a GBX 5,850 target; analysts overall rate the stock “Hold,” with an average target of GBX 5,649.25.
• Intertek shares recently traded at GBX 5,925, near their 12-month high, while the company reported quarterly EPS of GBX 126.60 and has a market capitalization of roughly £9.09 billion.

Intertek Group (LON:ITRK - Get Free Report)'s stock had its "hold" rating reissued by analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 6,000 price target on the stock. Jefferies Financial Group's target price suggests a potential upside of 1.27% from the company's previous close.

Separately, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 5,850 price objective on shares of Intertek Group in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 5,649.25.

Intertek Group Price Performance

ITRK traded up GBX 5 during trading on Wednesday, hitting GBX 5,925. The company's stock had a trading volume of 709,576 shares, compared to its average volume of 7,938,995. The company has a current ratio of 1.10, a quick ratio of 1.19 and a debt-to-equity ratio of 179.40. Intertek Group has a twelve month low of GBX 3,519.42 and a twelve month high of GBX 5,925. The business's fifty day simple moving average is GBX 5,873.76 and its 200 day simple moving average is GBX 5,173.27. The firm has a market capitalization of £9.09 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. On average, equities research analysts forecast that Intertek Group will post 263.73 EPS for the current fiscal year.

About Intertek Group

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.

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