Intertek Group (LON:ITRK) Rating Reiterated by HSBC

Intertek Group (LON:ITRK)‘s stock had its “reduce” rating restated by equities researchers at HSBC in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a GBX 4,500 ($59.19) price target on the stock. HSBC’s target price indicates a potential downside of 23.63% from the company’s previous close.

Several other analysts have also recently commented on ITRK. Shore Capital reaffirmed a “hold” rating on shares of Intertek Group in a research note on Tuesday, November 26th. Goldman Sachs Group raised shares of Intertek Group to a “neutral” rating and lowered their target price for the stock from GBX 5,400 ($71.03) to GBX 5,200 ($68.40) in a research note on Wednesday, November 13th. Jefferies Financial Group boosted their price objective on shares of Intertek Group from GBX 6,100 ($80.24) to GBX 6,300 ($82.87) and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on shares of Intertek Group from GBX 5,300 ($69.72) to GBX 5,700 ($74.98) and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Barclays reissued an “underweight” rating on shares of Intertek Group in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 5,376.67 ($70.73).

ITRK stock opened at GBX 5,892 ($77.51) on Monday. The stock has a market capitalization of $9.51 billion and a P/E ratio of 32.90. The company has a debt-to-equity ratio of 141.86, a quick ratio of 1.32 and a current ratio of 1.35. Intertek Group has a one year low of GBX 56.22 ($0.74) and a one year high of GBX 5,982 ($78.69). The company has a 50 day moving average price of GBX 5,676.20 and a two-hundred day moving average price of GBX 5,494.81.

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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