Intertek Group (LON:ITRK) Given "Sector perform" Rating at Royal Bank Of Canada

Key Points

• Intertek Group's stock has had its "sector perform" rating reaffirmed by Royal Bank Of Canada, with a price target of GBX 5,000 ($66.39), suggesting a potential upside of 6.75% from its current price.
• Several brokerages issued ratings on Intertek Group, with a consensus rating of "Hold" and an average price target of GBX 5,200 ($69.05).
• Intertek Group reported earnings of GBX 112.50 ($1.49) per share for the last quarter, with a net margin of 9.19% and a return on equity of 23.46%.

Intertek Group (LON:ITRK - Get Free Report)'s stock had its "sector perform" rating reaffirmed by equities research analysts at Royal Bank Of Canada in a note issued to investors on Friday, August 1st, Marketbeat reports. They presently have a GBX 5,000 ($67.50) target price on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 6.20% from the stock's current price.

A number of other brokerages also recently commented on ITRK. Shore Capital reiterated a "hold" rating and issued a GBX 4,500 ($60.75) price objective on shares of Intertek Group in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 5,300 ($71.55) price objective on shares of Intertek Group in a report on Monday, August 4th. JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Intertek Group in a research note on Thursday, July 17th. Finally, Berenberg Bank cut their price target on Intertek Group from GBX 6,000 ($81.00) to GBX 5,700 ($76.95) and set a "buy" rating on the stock in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 5,200 ($70.20).

Intertek Group Stock Performance

Shares of Intertek Group stock traded up GBX 4 ($0.05) during trading on Friday, hitting GBX 4,708 ($63.56). 177,943 shares of the stock were exchanged, compared to its average volume of 1,420,137. The stock's fifty day moving average is GBX 4,789.48 and its 200 day moving average is GBX 4,843.69. Intertek Group has a 12 month low of GBX 4,044 ($54.60) and a 12 month high of GBX 5,575 ($75.27). The stock has a market cap of £7.56 billion, a PE ratio of 24.54, a P/E/G ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27.

Intertek Group (LON:ITRK - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported GBX 112.50 ($1.52) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. As a group, sell-side analysts anticipate that Intertek Group will post 263.7305699 EPS for the current year.

Insider Buying and Selling

In related news, insider Robin Freestone bought 2,191 shares of Intertek Group stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of GBX 4,541 ($61.31) per share, with a total value of £99,493.31 ($134,323.36). 0.45% of the stock is currently 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.