Intertek Group (LON:ITRK) Earns “Buy” Rating from Jefferies Financial Group

Intertek Group (LON:ITRK)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 4,800 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 10.56% from the stock’s previous close.

Separately, Citigroup lowered their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,169.50.

Intertek Group Stock Performance

Intertek Group stock opened at GBX 4,341.50 on Wednesday. The company’s 50-day moving average price is GBX 4,063.22 and its 200-day moving average price is GBX 4,496.82. Intertek Group has a twelve month low of GBX 3,519.42 and a twelve month high of GBX 5,150. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The company has a market cap of £6.66 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

Intertek Group (LON:ITRK) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. On average, equities research analysts forecast that Intertek Group will post 263.7305699 EPS for the current fiscal year.

Insider Transactions at Intertek Group

In other Intertek Group news, insider Robin Freestone purchased 2,455 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of GBX 4,051 per share, with a total value of £99,452.05. Also, insider Colm Deasy sold 3,176 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of GBX 3,794, for a total transaction of £120,497.44. In the last quarter, insiders bought 4,479 shares of company stock valued at $17,624,681. Company insiders own 1.18% 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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.