Intertek Group's (ITRK) Hold Rating Reaffirmed at 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.

Shore Capital reaffirmed their hold rating on shares of Intertek Group (LON:ITRK - Free Report) in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has a GBX 4,500 ($59.81) price target on the stock.

Several other research firms also recently issued reports on ITRK. JPMorgan Chase & Co. restated a "no recommendation" rating on shares of Intertek Group in a research report on Thursday, July 17th. Berenberg Bank lowered their price objective on shares of Intertek Group from GBX 6,000 ($79.74) to GBX 5,700 ($75.76) and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 5,000 ($66.45) price objective on shares of Intertek Group in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intertek Group presently has an average rating of "Hold" and an average target price of GBX 5,200 ($69.11).

Intertek Group Stock Up 0.5%

Shares of ITRK traded up GBX 22.47 ($0.30) on Friday, reaching GBX 4,664.47 ($61.99). The company's stock had a trading volume of 553,804 shares, compared to its average volume of 1,465,013. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. Intertek Group has a twelve month low of GBX 4,044 ($53.75) and a twelve month high of GBX 5,575 ($74.10). The stock has a market capitalization of £7.49 billion, a PE ratio of 24.31, a PEG ratio of 1.99 and a beta of 0.63. The firm has a fifty day moving average of GBX 4,801.53 and a 200-day moving average of GBX 4,856.17.

Intertek Group (LON:ITRK - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported GBX 112.50 ($1.50) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Equities analysts predict that Intertek Group will post 263.7305699 EPS for the current year.

Insider Buying and Selling

In other news, insider Robin Freestone acquired 2,191 shares of Intertek Group stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of GBX 4,541 ($60.35) per share, with a total value of £99,493.31 ($132,234.60). Corporate insiders own 0.45% of the company's stock.

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.