Intertek Group plc (LON:ITRK) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts assign Intertek an average rating of "Moderate Buy" from six analysts (three hold, three buy) with a mean 12‑month target of GBX 5,124.50.
• Insider buying has stepped up recently: insiders acquired 4,479 shares in the last 90 days (notable purchases by Robin Freestone and Andrew Martin), and insiders now own 1.18% of the company.
• Intertek opened at GBX 4,834, has a market cap of £7.42bn and a P/E of 22.38; the firm reported quarterly EPS of GBX 255.90, a net margin of 10.01%, and analysts expect ~GBX 263.73 EPS for the year.

Intertek Group plc (LON:ITRK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 5,124.50.

Several brokerages have recently weighed in on ITRK. Citigroup dropped their price objective on shares of 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. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 5,030 price objective on shares of Intertek Group in a report on Thursday, April 16th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 4,800 price objective on shares of Intertek Group in a report on Friday, April 17th.

Insider Activity

In related news, insider Robin Freestone acquired 2,455 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of GBX 4,051 per share, for a total transaction of £99,452.05. Also, insider Andrew Martin acquired 485 shares of the company's stock in a transaction dated Friday, March 13th. The shares were bought at an average price of GBX 3,794 per share, for a total transaction of £18,400.90. In the last ninety days, insiders have acquired 4,479 shares of company stock valued at $17,624,681. Corporate insiders own 1.18% of the company's stock.

Intertek Group Price Performance

ITRK stock opened at GBX 4,834 on Friday. The firm has a market cap of £7.42 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. Intertek Group has a 12-month low of GBX 3,519.42 and a 12-month high of GBX 5,160. The company's fifty day simple moving average is GBX 4,112.79 and its 200 day simple moving average is GBX 4,502.05.

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

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. 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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