Intertek Group plc (LON:ITRK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Intertek has a consensus recommendation of "Moderate Buy" from six analysts (three hold, three buy) with an average 1‑year target of GBX 5,169.50, implying significant upside from the current price.
• Insider buying activity was reported—insiders purchased 4,479 shares valued at $17.62M in the last quarter (including recent purchases by Tamara Ingram and Kawal Preet) and now own 1.18% of the company.
• Trading snapshot: shares opened at GBX 3,600 (down 0.6%), market cap £5.53B, P/E 16.11, last-quarter EPS GBX 255.90 and analysts forecast ~GBX 263.73 for the current fiscal year.

Intertek Group plc (LON:ITRK - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 5,169.50.

Several brokerages have issued reports on ITRK. Citigroup dropped their target price on Intertek Group from GBX 5,847 to GBX 5,717 and set a "buy" rating for the company in a report on Thursday, March 5th. Jefferies Financial Group reduced their price target on Intertek Group from GBX 5,800 to GBX 4,800 and set a "buy" rating on the stock in a report on Thursday, March 5th.

Insider Activity

In other news, insider Tamara Ingram purchased 151 shares of the company's stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of GBX 3,794 per share, with a total value of £5,728.94. Also, insider Kawal Preet purchased 160 shares of the business's stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of GBX 3,710 per share, with a total value of £5,936. Insiders acquired 4,479 shares of company stock valued at $17,624,681 in the last quarter. Insiders own 1.18% of the company's stock.

Intertek Group Trading Down 0.6%

Shares of Intertek Group stock opened at GBX 3,600 on Monday. The stock has a market cap of £5.53 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.99 and a beta of 0.66. The stock's 50 day simple moving average is GBX 4,234.64 and its 200-day simple moving average is GBX 4,568.60. Intertek Group has a 1-year low of GBX 3,519.42 and a 1-year high of GBX 5,150. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19.

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