Intertek Group (LON:ITRK) Stock Rating Reaffirmed by Credit Suisse Group

Intertek Group (LON:ITRK)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group in a report issued on Friday, Analyst Ratings Network reports. They presently have a GBX 5,900 ($77.08) price objective on the stock. Credit Suisse Group’s price target would suggest a potential upside of 0.31% from the company’s previous close.

A number of other equities analysts also recently weighed in on ITRK. Shore Capital raised shares of Intertek Group to a “hold” rating in a research note on Tuesday, March 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,800 ($75.78) target price on shares of Intertek Group in a research note on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 5,625 ($73.49).

Shares of LON ITRK opened at GBX 5,882 ($76.85) on Friday. Intertek Group has a 1-year low of GBX 59.37 ($0.78) and a 1-year high of GBX 6,492 ($84.82). The company has a market cap of £9.49 billion and a PE ratio of 38.60. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 84.55. The company has a 50-day moving average of GBX 5,968.12 and a two-hundred day moving average of GBX 5,755.40.

In related news, insider Ross McCluskey sold 1,570 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of GBX 5,383 ($70.33), for a total transaction of £84,513.10 ($110,416.91). Also, insider Andre Lacroix acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The shares were purchased at an average price of GBX 5,367 ($70.12) per share, with a total value of £536,700 ($701,201.99).

Intertek Group Company Profile

Intertek Group plc provides quality assurance 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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Analyst Recommendations for Intertek Group (LON:ITRK)

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