Intertek Group (LON:ITRK) Upgraded by Shore Capital to Hold Rating

Intertek Group (LON:ITRK) was upgraded by Shore Capital to a “hold” rating in a research note issued to investors on Tuesday, MarketBeat reports.

Separately, Berenberg Bank upped their price objective on shares of Intertek Group from GBX 5,800 ($74.11) to GBX 6,000 ($76.67) and gave the company a “buy” rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,675 ($72.51).

Intertek Group Stock Down 4.7 %

ITRK stock opened at GBX 4,071.30 ($52.02) on Tuesday. Intertek Group has a one year low of GBX 4,044 ($51.67) and a one year high of GBX 5,575 ($71.24). The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. The firm has a market cap of £6.54 billion, a PE ratio of 21.22, a P/E/G ratio of 1.99 and a beta of 0.63. The firm’s fifty day moving average is GBX 4,996.98 and its 200 day moving average is GBX 4,887.03.

Intertek Group (LON:ITRK) last announced its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.10) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, research analysts forecast that Intertek Group will post 263.7305699 EPS for the current year.

Insider Activity

In other news, insider Andre Lacroix sold 39,498 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($63.81), for a total transaction of £1,972,530.12 ($2,520,483.16). Also, insider Steven L. Mogford purchased 121 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of GBX 4,892 ($62.51) per share, with a total value of £5,919.32 ($7,563.66). Company insiders own 0.45% of the company’s stock.

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.