Intertek Group (LON:ITRK) Given "Hold" Rating at Shore Capital

Intertek Group (LON:ITRK - Get Free Report)'s stock had its "hold" rating reiterated by Shore Capital in a research note issued to investors on Thursday,Digital Look reports.

Separately, Berenberg Bank raised their target price on shares of Intertek Group from GBX 5,800 ($77.78) to GBX 6,000 ($80.46) and gave the company a "buy" rating in a research report on Wednesday, March 5th.

Intertek Group Price Performance

Shares of Intertek Group stock traded down GBX 182 ($2.44) on Thursday, reaching GBX 4,738 ($63.54). 543,969 shares of the stock were exchanged, compared to its average volume of 2,004,157. The firm's 50 day moving average is GBX 4,693.76 and its 200-day moving average is GBX 4,813.71. The firm has a market cap of £7.61 billion, a PE ratio of 24.69, a P/E/G ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. Intertek Group has a one year low of GBX 4,044 ($54.23) and a one year high of GBX 5,575 ($74.76).

Intertek Group (LON:ITRK - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.25) earnings per share for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. As a group, analysts anticipate that Intertek Group will post 263.7305699 EPS for the current fiscal year.

Insider Activity at Intertek Group

In related news, insider Steven L. Mogford bought 121 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of GBX 4,892 ($65.60) per share, with a total value of £5,919.32 ($7,937.94). Also, insider Robin Freestone bought 2,198 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of GBX 4,525 ($60.68) per share, for a total transaction of £99,459.50 ($133,377.36). 0.45% of the stock is owned by company insiders.

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.

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