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Royal Bank Of Canada Reiterates Sector Perform Rating for Intertek Group (LON:ITRK)

Intertek Group logo with Industrials background

Royal Bank Of Canada restated their sector perform rating on shares of Intertek Group (LON:ITRK - Free Report) in a research report sent to investors on Friday morning, MarketBeat.com reports. They currently have a GBX 5,000 ($67.45) price target on the stock.

ITRK has been the topic of a number of other reports. Berenberg Bank reduced their price objective on shares of Intertek Group from GBX 6,000 ($80.94) to GBX 5,700 ($76.89) and set a "buy" rating on the stock in a research note on Friday, May 30th. Shore Capital restated a "hold" rating on shares of Intertek Group in a research report on Thursday, May 22nd.

Read Our Latest Stock Analysis on ITRK

Intertek Group Trading Down 1.1%

LON:ITRK traded down GBX 56 ($0.76) during trading hours on Friday, hitting GBX 4,882 ($65.86). 266,523 shares of the stock were exchanged, compared to its average volume of 1,607,919. The company has a market capitalization of £7.84 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. 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 company's 50 day moving average is GBX 4,785.81 and its two-hundred day moving average is GBX 4,841.34. Intertek Group has a twelve month low of GBX 4,044 ($54.55) and a twelve month high of GBX 5,575 ($75.21).

Insiders Place Their Bets

In other news, insider Robin Freestone bought 2,198 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of GBX 4,525 ($61.04) per share, with a total value of £99,459.50 ($134,169.03). 0.45% of the stock is owned by insiders.

About Intertek Group

(Get Free Report)

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.

Further Reading

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