Intertek Group (LON:ITRK) Stock Rating Upgraded by Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded Intertek to an “Outperform” rating and raised its price target to GBX 5,850 from GBX 4,475, implying about a 13.46% upside from the current share price.
• Analyst consensus is a Moderate Buy (four Buys, two Holds) with an average price target of GBX 5,266.17, while recent broker targets range from GBX 4,800 to GBX 5,717.
• Intertek trades around GBX 5,156 with a market cap of £7.91bn, P/E of 23.87 and quarterly EPS of GBX 255.90; insider Andre Lacroix sold 37,635 shares (~£1.43m) while another insider bought 160 shares.

Intertek Group (LON:ITRK - Get Free Report) was upgraded by analysts at Royal Bank Of Canada to an "outperform" rating in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a GBX 5,850 price target on the stock, up from their previous price target of GBX 4,475. Royal Bank Of Canada's price target indicates a potential upside of 13.46% from the stock's current price.

A number of other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 5,030 price objective on shares of Intertek Group in a report on Thursday, April 16th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 4,800 price objective on shares of Intertek Group in a report on Friday, April 17th. Finally, Citigroup dropped their price objective on Intertek Group from GBX 5,847 to GBX 5,717 and set a "buy" rating on the stock in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 5,266.17.

Intertek Group Price Performance

ITRK stock opened at GBX 5,156 on Tuesday. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The firm has a market capitalization of £7.91 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.99 and a beta of 0.81. The business's 50-day moving average is GBX 4,138.01 and its two-hundred day moving average is GBX 4,490.23. Intertek Group has a 1 year low of GBX 3,519.42 and a 1 year high of GBX 5,270.

Intertek Group (LON:ITRK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. Analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andre Lacroix sold 37,635 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of GBX 3,794, for a total value of £1,427,871.90. Also, insider Kawal Preet purchased 160 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of GBX 3,710 per share, for a total transaction of £5,936. In the last quarter, insiders have bought 4,479 shares of company stock worth $17,624,681. 1.18% of the stock is currently 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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.

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