Deutsche Bank Reiterates “Buy” Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a report released on Monday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the company. Berenberg Bank upped their price target on Intertek Group from GBX 4,800 ($63.14) to GBX 5,050 ($66.43) and gave the company a “hold” rating in a research report on Friday, October 4th. Jefferies Financial Group upped their price target 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. Barclays restated an “underweight” rating on shares of Intertek Group in a research report on Monday, October 7th. HSBC lowered Intertek Group to a “reduce” rating and dropped their price target for the company from GBX 4,650 ($61.17) to GBX 4,500 ($59.19) in a research report on Friday, November 8th. Finally, Shore Capital restated a “hold” rating on shares of Intertek Group in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 5,332.22 ($70.14).

ITRK stock opened at GBX 5,420 ($71.30) on Monday. The company has a debt-to-equity ratio of 141.86, a current ratio of 1.35 and a quick ratio of 1.32. The business has a 50 day simple moving average of GBX 5,347.92 and a 200-day simple moving average of GBX 5,424.58. The firm has a market capitalization of $8.75 billion and a PE ratio of 30.26. Intertek Group has a 1 year low of GBX 56.22 ($0.74) and a 1 year high of GBX 5,982 ($78.69).

Intertek Group Company Profile

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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Analyst Recommendations for Intertek Group (LON:ITRK)

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