Intertek Group's (ITRK) "Hold" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has reiterated a "hold" rating for Intertek Group (LON:ITRK) with a price target of GBX 5,300 ($70.38), suggesting a potential upside of 13.01% from its current price.
• Berenberg Bank has adjusted its price target for Intertek Group from GBX 6,000 ($79.67) to GBX 5,700 ($75.69), maintaining a "buy" rating on the stock.
• Intertek Group reported earnings of GBX 112.50 ($1.49) per share for the last quarter, highlighting a return on equity of 23.46%.

Intertek Group (LON:ITRK - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a report released on Monday, MarketBeat reports. They presently have a GBX 5,300 ($71.27) price target on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 12.77% from the stock's previous close.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Intertek Group in a research note on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 5,000 ($67.24) price objective on shares of Intertek Group in a research note on Friday, July 11th. Berenberg Bank dropped their price target on shares of Intertek Group from GBX 6,000 ($80.69) to GBX 5,700 ($76.65) and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Shore Capital reaffirmed a "hold" rating and issued a GBX 4,500 ($60.52) price objective on shares of Intertek Group in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intertek Group has an average rating of "Hold" and a consensus price target of GBX 5,200 ($69.93).

Intertek Group Price Performance

ITRK stock traded down GBX 10.16 ($0.14) during trading on Monday, reaching GBX 4,699.84 ($63.20). 241,874 shares of the company were exchanged, compared to its average volume of 1,442,885. The company has a 50-day moving average of GBX 4,794.38 and a two-hundred day moving average of GBX 4,851.22. The company has a market capitalization of £7.55 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.99 and a beta of 0.63. Intertek Group has a twelve month low of GBX 4,044 ($54.38) and a twelve month high of GBX 5,575 ($74.97). The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19.

Intertek Group (LON:ITRK - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported GBX 112.50 ($1.51) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. As a group, equities analysts predict that Intertek Group will post 263.7305699 earnings per share for the current fiscal year.

Insider Buying and Selling at Intertek Group

In other news, insider Robin Freestone acquired 2,191 shares of Intertek Group stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of GBX 4,541 ($61.07) per share, with a total value of £99,493.31 ($133,799.50). 0.45% of the stock is owned by insiders.

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.