Intertek Group (LON:ITRK) Earns "Hold" Rating from Shore Capital

Key Points

• Intertek Group received a "hold" rating from Shore Capital, with a target price set at GBX 4,500 ($59.45), suggesting a potential downside of 1.10% from its previous close.
• Other analysts have varied views, with Berenberg Bank reducing their target from GBX 6,000 to GBX 5,700 while maintaining a "buy" rating, and Royal Bank of Canada setting a target at GBX 5,000 with a "sector perform" rating.
• Intertek Group's recent quarterly earnings reported an EPS of GBX 112.50 ($1.49), and analysts expect a total EPS of 263.73 for the current fiscal year.

Intertek Group (LON:ITRK - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Shore Capital in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 4,500 ($59.45) price objective on the stock. Shore Capital's target price would indicate a potential downside of 1.10% from the company's previous close.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Intertek Group in a research note on Thursday, July 17th. Berenberg Bank decreased their price target on Intertek Group from GBX 6,000 ($79.26) to GBX 5,700 ($75.30) and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 5,000 ($66.05) price target on shares of Intertek Group in a research note on Friday, July 11th.

Intertek Group Stock Performance

LON ITRK opened at GBX 4,550 ($60.11) on Friday. Intertek Group has a 1-year low of GBX 4,044 ($53.42) and a 1-year high of GBX 5,575 ($73.65). The company has a market capitalization of £7.30 billion, a P/E ratio of 23.71, a PEG ratio of 1.99 and a beta of 0.63. The business has a 50 day moving average price of GBX 4,806.34 and a 200 day moving average price of GBX 4,859.09. 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 issued its quarterly earnings data on Friday, August 1st. The company reported GBX 112.50 ($1.49) EPS for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. Sell-side analysts expect that Intertek Group will post 263.7305699 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.

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