Intertek Group (LON:ITRK) Given New GBX 6,000 Price Target at Berenberg Bank

Intertek Group (LON:ITRK) had its price target hoisted by stock analysts at Berenberg Bank from GBX 5,800 ($74.76) to GBX 6,000 ($77.34) in a research note issued on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 14.61% from the stock’s previous close.

ITRK has been the topic of several other research reports. Shore Capital raised Intertek Group to a “hold” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on Intertek Group from GBX 5,400 ($69.61) to GBX 5,500 ($70.89) and gave the company an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,675 ($73.15).

Intertek Group Stock Down 0.3 %

Shares of ITRK stock traded down GBX 15 ($0.19) during mid-day trading on Wednesday, reaching GBX 5,235 ($67.48). 1,525,237 shares of the company were exchanged, compared to its average volume of 1,115,758. The company has a market capitalization of £8.40 billion, a P/E ratio of 27.29, a P/E/G ratio of 1.99 and a beta of 0.63. The business’s 50 day simple moving average is GBX 5,017.70 and its 200 day simple moving average is GBX 4,890.34. 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 has a fifty-two week low of GBX 4,394 ($56.64) and a fifty-two week high of GBX 5,575 ($71.86).

Intertek Group (LON:ITRK) last posted its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) EPS for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. Research analysts predict that Intertek Group will post 263.7305699 earnings per share for the current year.

About Intertek Group

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.