Goldman Sachs Group upgraded shares of Intertek Group (LON:ITRK) to a neutral rating in a report issued on Wednesday, Stock Target Advisor reports. Goldman Sachs Group currently has GBX 5,200 ($67.95) price target on the stock, down from their prior price target of GBX 5,400 ($70.56).
A number of other analysts have also recently weighed in on ITRK. Deutsche Bank restated a buy rating on shares of Intertek Group in a research note on Monday, September 16th. UBS Group raised their price target on Intertek Group from GBX 5,000 ($65.33) to GBX 5,300 ($69.25) and gave the company a neutral rating in a research note on Friday, August 16th. Shore Capital restated a hold rating on shares of Intertek Group in a research note on Thursday, August 1st. HSBC cut Intertek Group to a reduce rating and cut their price target for the company from GBX 4,650 ($60.76) to GBX 4,500 ($58.80) in a research note on Friday, November 8th. Finally, Morgan Stanley cut Intertek Group to an underweight rating and raised their price target for the company from GBX 4,700 ($61.41) to GBX 5,250 ($68.60) in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 5,176.67 ($67.64).
Intertek Group stock traded down GBX 44 ($0.57) during midday trading on Wednesday, reaching GBX 5,250 ($68.60). The company’s stock had a trading volume of 378,521 shares, compared to its average volume of 450,024. Intertek Group has a fifty-two week low of GBX 56.22 ($0.73) and a fifty-two week high of GBX 5,982 ($78.17). The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 141.86. The company has a market cap of $8.37 billion and a P/E ratio of 29.31. The business has a 50-day simple moving average of GBX 5,254.16 and a 200-day simple moving average of GBX 5,396.86.
Intertek Group plc provides quality and safety solutions to various industries worldwide. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.
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