Deutsche Bank Aktiengesellschaft Reiterates "Hold" Rating for Intertek Group (LON:ITRK)

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 restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 5,300 ($70.38) price target on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 13.01% from the stock's current price.

A number of other brokerages have also commented on ITRK. Berenberg Bank cut their price target on Intertek Group from GBX 6,000 ($79.67) to GBX 5,700 ($75.69) and set a "buy" rating on the stock in a research note on Friday, May 30th. Shore Capital reiterated a "hold" rating and issued a GBX 4,500 ($59.75) price objective on shares of Intertek Group in a report on Friday. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Intertek Group in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 5,000 ($66.39) price target on shares of Intertek Group in a research report on Friday, July 11th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 5,200 ($69.05).

Intertek Group Stock Performance

Shares of Intertek Group stock opened at GBX 4,690 ($62.28) on Monday. The company's 50 day moving average price is GBX 4,803.37 and its two-hundred day moving average price is GBX 4,858.27. The firm has a market capitalization of £7.53 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.99 and a beta of 0.63. Intertek Group has a fifty-two week low of GBX 4,044 ($53.70) and a fifty-two week high of GBX 5,575 ($74.03). 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 released its quarterly earnings data on Friday, August 1st. The company reported GBX 112.50 ($1.49) earnings per share for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. On average, equities analysts forecast that Intertek Group will post 263.7305699 earnings per share 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.

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