Intertek Group (LON:ITRK) Stock Rating Upgraded by Redburn Partners

Intertek Group (LON:ITRK) was upgraded by research analysts at Redburn Partners to a “buy” rating in a report released on Friday, Digital Look reports. The brokerage currently has a GBX 6,000 ($74.69) price objective on the stock. Redburn Partners’ price target suggests a potential upside of 23.92% from the stock’s previous close.

A number of other research analysts have also commented on ITRK. Berenberg Bank raised their price target on Intertek Group from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) and gave the company a “buy” rating in a report on Monday. Shore Capital reissued a “hold” rating on shares of Intertek Group in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intertek Group has a consensus rating of “Hold” and a consensus price target of GBX 4,959.17 ($61.73).

Intertek Group Stock Down 0.2 %

ITRK opened at GBX 4,842 ($60.28) on Friday. The company has a debt-to-equity ratio of 89.53, a current ratio of 1.09 and a quick ratio of 1.19. Intertek Group has a 12 month low of GBX 3,746 ($46.63) and a 12 month high of GBX 5,068 ($63.09). The stock’s 50 day moving average price is GBX 4,774.28 and its 200 day moving average price is GBX 4,345.98. The stock has a market cap of £7.81 billion, a P/E ratio of 2,649.18, a P/E/G ratio of 2.10 and a beta of 0.64.

Insider Activity at Intertek Group

In related news, insider Jeremy (Jez) Maiden purchased 114 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of GBX 5,032 ($62.64) per share, with a total value of £5,736.48 ($7,141.14). Company insiders own 0.54% of the company’s stock.

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.