Intertek Group's (ITRK) Sector Perform Rating Reaffirmed 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 restated by equities researchers at Royal Bank Of Canada in a research report issued on Friday, Marketbeat.com reports. They currently have a GBX 5,000 ($66.45) target price on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 6.75% from the company's previous close.

ITRK has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 5,300 ($70.44) price objective on shares of Intertek Group in a research note on Monday. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Intertek Group in a research note on Thursday, July 17th. Shore Capital reaffirmed a "hold" rating and set a GBX 4,500 ($59.81) price objective on shares of Intertek Group in a research note on Friday. Finally, Berenberg Bank dropped their price objective on shares of Intertek Group from GBX 6,000 ($79.74) to GBX 5,700 ($75.76) and set a "buy" rating for the company in a research note 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 data from MarketBeat, Intertek Group currently has a consensus rating of "Hold" and a consensus target price of GBX 5,200 ($69.11).

Intertek Group Stock Up 0.9%

ITRK opened at GBX 4,684 ($62.25) on Friday. Intertek Group has a twelve month low of GBX 4,044 ($53.75) and a twelve month high of GBX 5,575 ($74.10). 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 has a 50-day moving average price of GBX 4,801.53 and a 200 day moving average price of GBX 4,856.17. The company has a market cap 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 ($1.50) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Sell-side analysts expect that Intertek Group will post 263.7305699 earnings per share for the current fiscal year.

Insider Transactions at Intertek Group

In other Intertek Group news, insider Robin Freestone bought 2,191 shares of Intertek Group stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 4,541 ($60.35) per share, for a total transaction of £99,493.31 ($132,234.60). 0.45% of the stock is currently owned by company 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.