Intertek Group plc (LON:ITRK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Intertek Group plc (LON:ITRK) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 5,351 ($68.83).

Several equities analysts have recently weighed in on ITRK shares. Redburn Partners upgraded shares of Intertek Group to a “buy” rating and set a GBX 6,000 ($77.18) price objective for the company in a research report on Friday, April 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,500 ($70.75) target price on shares of Intertek Group in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 5,200 ($66.89) target price on shares of Intertek Group in a report on Tuesday, May 28th.

Intertek Group Stock Performance

LON:ITRK opened at GBX 5,035 ($64.77) on Wednesday. Intertek Group has a twelve month low of GBX 3,746 ($48.19) and a twelve month high of GBX 5,145 ($66.18). The company has a current ratio of 1.09, a quick ratio of 1.19 and a debt-to-equity ratio of 89.53. The company has a 50-day moving average of GBX 4,808.40 and a 200-day moving average of GBX 4,765.05. The firm has a market cap of £8.11 billion, a price-to-earnings ratio of 2,720.11, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.