Intertek Group plc (LON:ITRK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Intertek Group plc (LON:ITRK) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 5,351 ($68.83).

Several analysts have recently issued reports on ITRK shares. Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($77.18) target price on the stock in a report on Friday, April 19th. Berenberg Bank reissued a “buy” rating and set a GBX 5,500 ($70.75) target price on shares of Intertek Group in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a GBX 5,200 ($66.89) target price on shares of Intertek Group in a report on Tuesday, May 28th.

Intertek Group Stock Up 0.6 %

ITRK stock opened at GBX 5,035 ($64.77) on Wednesday. The stock has a market capitalization of £8.11 billion, a price-to-earnings ratio of 2,720.11, a PEG ratio of 2.14 and a beta of 0.64. Intertek Group has a fifty-two week low of GBX 3,746 ($48.19) and a fifty-two week high of GBX 5,145 ($66.18). 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 fifty day moving average price is GBX 4,808.40 and its two-hundred day moving average price is GBX 4,765.05.

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.