Intertek Group (LON:ITRK) Earns “Hold” Rating from Berenberg Bank
Berenberg Bank reissued their hold rating on shares of Intertek Group (LON:ITRK) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently issued reports on ITRK. Shore Capital reaffirmed a hold rating on shares of Intertek Group in a research report on Tuesday, November 26th. Goldman Sachs Group increased their target price on Intertek Group from GBX 5,100 ($67.09) to GBX 5,300 ($69.72) and gave the company a sell rating in a research report on Wednesday, January 15th. Deutsche Bank increased their target price on Intertek Group from GBX 5,700 ($74.98) to GBX 6,300 ($82.87) and gave the company a buy rating in a research report on Thursday, February 13th. UBS Group increased their target price on Intertek Group from GBX 5,300 ($69.72) to GBX 5,700 ($74.98) and gave the company a neutral rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group increased their target price on Intertek Group from GBX 6,100 ($80.24) to GBX 6,300 ($82.87) and gave the company a buy rating in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Intertek Group currently has an average rating of Hold and an average target price of GBX 5,482.22 ($72.12).
Shares of LON ITRK opened at GBX 5,934 ($78.06) on Monday. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 141.86. The stock has a market capitalization of $9.58 billion and a PE ratio of 33.13. The stock’s fifty day simple moving average is GBX 5,893.96 and its two-hundred day simple moving average is GBX 5,555.50. Intertek Group has a 12-month low of GBX 56.22 ($0.74) and a 12-month high of GBX 6,178 ($81.27).
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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