Intertek Group (LON:ITRK) Receives "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "buy" rating for Intertek Group (ITRK), setting a target price of GBX 5,700 ($76.14), which indicates a potential upside of 21.02% from the stock's last close.
• The stock has experienced a price increase of 1.2% and currently trades at GBX 4,710 ($62.92) with a market capitalization of £7.56 billion.
• Recent insider trading saw Robin Freestone buy 2,191 shares at an average of GBX 4,541 ($60.66), indicating insider confidence in the company.

Intertek Group (LON:ITRK - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Berenberg Bank in a report released on Wednesday, Marketbeat reports. They presently have a GBX 5,700 ($76.66) price target on the stock. Berenberg Bank's target price points to a potential upside of 21.28% from the company's previous close.

A number of other analysts have also weighed in on ITRK. Shore Capital restated a "hold" rating and issued a GBX 4,500 ($60.52) target price on shares of Intertek Group in a research note on Friday, August 1st. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 5,000 ($67.25) target price on shares of Intertek Group in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 5,300 ($71.28) target price on shares of Intertek Group in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Intertek Group in a report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intertek Group presently has an average rating of "Hold" and a consensus target price of GBX 5,200 ($69.94).

Intertek Group Stock Performance

ITRK stock traded down GBX 10.16 ($0.14) during midday trading on Wednesday, hitting GBX 4,699.84 ($63.21). The stock had a trading volume of 241,874 shares, compared to its average volume of 1,442,885. The firm has a market capitalization of £7.55 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.99 and a beta of 0.63. Intertek Group has a 52 week low of GBX 4,044 ($54.39) and a 52 week high of GBX 5,575 ($74.98). The stock has a 50-day simple moving average of GBX 4,792.46 and a 200 day simple moving average of GBX 4,849.15. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83.

Intertek Group (LON:ITRK - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported GBX 112.50 ($1.51) earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. As a group, equities research analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current year.

Insider Buying and Selling at Intertek Group

In related news, insider Robin Freestone purchased 2,191 shares of the stock in a transaction on Friday, August 1st. The shares were purchased at an average price of GBX 4,541 ($61.08) per share, with a total value of £99,493.31 ($133,817.50). 0.45% of the stock is 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.