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 reaffirmed their buy rating on shares of Intertek Group (LON:ITRK - Free Report) in a research note released on Thursday, MarketBeat Ratings reports. They currently have a GBX 5,800 price target on the stock.

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

Intertek Group Stock Performance

LON:ITRK traded up GBX 16.42 during mid-day trading on Thursday, reaching GBX 4,680.42. The company's stock had a trading volume of 435,157 shares, compared to its average volume of 1,430,849. Intertek Group has a 12-month low of GBX 4,044 and a 12-month high of GBX 5,575. The firm's fifty day moving average price is GBX 4,759.42 and its two-hundred day moving average price is GBX 4,765.92. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The stock has a market cap of £7.28 billion, a P/E ratio of 2,094.15, a PEG ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported GBX 112.50 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 EPS for the current fiscal year.

Insider Activity

In related news, insider Robin Freestone acquired 2,191 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of GBX 4,541 per share, for a total transaction of £99,493.31. Company insiders own 1.17% 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.