Intertek Group's (ITRK) Buy Rating Reaffirmed at Jefferies Financial Group

Key Points

• Intertek Group's stock has been given a "Buy" rating by Jefferies Financial Group, with a price target of GBX 5,800, indicating a potential upside of 24.52% from its last close.
• The stock currently has a consensus rating of "Hold" among analysts, with two analysts rating it as a Buy and three as Hold, along with an average price target of GBX 5,300.
• In recent insider activity, Robin Freestone purchased 2,191 shares at an average price of GBX 4,541, raising the total ownership of corporate insiders to 1.17%.

Jefferies Financial Group reissued their buy rating on shares of Intertek Group (LON:ITRK - Free Report) in a research report sent to investors on Thursday, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 5,800 price objective on the stock.

Several other research firms have also recently weighed in on ITRK. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 5,000 price target on shares of Intertek Group in a report on Friday, August 1st. Shore Capital reissued a "hold" rating and issued a GBX 4,500 price target on shares of Intertek Group in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 5,300 price target on shares of Intertek Group in a report on Monday, August 4th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 5,700 target price on shares of Intertek Group in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Intertek Group in a report on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 5,300.

Intertek Group Stock Performance

Intertek Group stock traded up GBX 23.67 during trading hours on Thursday, hitting GBX 4,665.67. The company had a trading volume of 473,543 shares, compared to its average volume of 1,422,617. The firm has a market cap of £7.25 billion, a PE ratio of 2,087.55, a PEG ratio of 1.99 and a beta of 0.63. 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 has a one year low of GBX 4,044 and a one year high of GBX 5,575. The firm has a 50-day moving average of GBX 4,755.30 and a 200 day moving average of GBX 4,759.96.

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

Insider Transactions at Intertek Group

In other news, insider Robin Freestone acquired 2,191 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of GBX 4,541 per share, with a total value of £99,493.31. 1.17% of the stock is owned by company insiders.

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.