Intertek Group plc (LON:ITRK) Receives GBX 5,331 Average Target Price from Brokerages

Intertek Group plc (LON:ITRK) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 5,331 ($67.43).

Several research firms have recently weighed in on ITRK. Berenberg Bank lifted their price objective on Intertek Group from GBX 4,900 ($61.98) to GBX 5,400 ($68.30) and gave the company a “buy” rating in a research note on Monday, April 15th. Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($75.89) price objective on the stock in a research note on Friday, April 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 5,200 ($65.77) price objective on shares of Intertek Group in a research note on Tuesday, May 28th.

Intertek Group Stock Performance

LON ITRK opened at GBX 4,744 ($60.01) on Friday. The firm has a market capitalization of £7.64 billion, a P/E ratio of 2,579.35, a P/E/G ratio of 2.14 and a beta of 0.64. Intertek Group has a 1-year low of GBX 3,746 ($47.38) and a 1-year high of GBX 5,145 ($65.08). The company has a debt-to-equity ratio of 89.53, a current ratio of 1.09 and a quick ratio of 1.19. The business’s 50-day simple moving average is GBX 4,868.68 and its 200-day simple moving average is GBX 4,687.35.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.