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 reiterated by investment analysts at Berenberg Bank in a report released on Wednesday, Marketbeat Ratings reports. They currently have a GBX 5,700 ($76.63) target price on the stock. Berenberg Bank's price target suggests a potential upside of 21.69% from the stock's previous close.

Several other analysts also recently weighed in on ITRK. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 5,000 ($67.22) price objective on shares of Intertek Group in a research report on Friday, August 1st. Shore Capital restated a "hold" rating and set a GBX 4,500 ($60.50) price target on shares of Intertek Group in a research report on Friday, August 1st. JPMorgan Chase & Co. restated a "no recommendation" rating on shares of Intertek Group in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 5,300 ($71.26) price target on shares of Intertek Group in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 5,200 ($69.91).

Intertek Group Trading Down 0.3%

Shares of ITRK stock traded down GBX 14.25 ($0.19) during mid-day trading on Wednesday, reaching GBX 4,683.88 ($62.97). The company's stock had a trading volume of 245,892 shares, compared to its average volume of 1,435,119. The company's 50 day simple moving average is GBX 4,792.46 and its 200-day simple moving average is GBX 4,847.38. Intertek Group has a 12-month low of GBX 4,044 ($54.37) and a 12-month high of GBX 5,575 ($74.95). The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. The firm has a market capitalization of £7.52 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

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

Insider Buying and Selling at Intertek Group

In other news, insider Robin Freestone bought 2,191 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of GBX 4,541 ($61.05) per share, with a total value of £99,493.31 ($133,763.53). 0.45% of the stock is owned by corporate 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.