Intertek Group (LON:ITRK) had its price objective boosted by analysts at JPMorgan Chase & Co. from GBX 5,200 ($63.99) to GBX 5,900 ($72.61) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.71% from the company’s current price.
Other analysts also recently issued research reports about the company. Shore Capital restated a “sell” rating on shares of Intertek Group in a research note on Friday. Morgan Stanley upgraded Intertek Group to an “equal weight” rating and upped their price target for the stock from GBX 3,950 ($48.61) to GBX 4,900 ($60.30) in a research note on Monday, May 25th. UBS Group restated a “neutral” rating on shares of Intertek Group in a research note on Monday, July 27th. Citigroup restated a “neutral” rating on shares of Intertek Group in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group upped their price target on Intertek Group from GBX 6,100 ($75.07) to GBX 6,250 ($76.91) and gave the stock a “buy” rating in a research note on Friday, July 24th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Intertek Group has an average rating of “Hold” and a consensus target price of GBX 5,029.09 ($61.89).
ITRK stock opened at GBX 5,378 ($66.18) on Friday. Intertek Group has a fifty-two week low of GBX 53.90 ($0.66) and a fifty-two week high of GBX 6,178 ($76.03). The business’s 50 day moving average price is GBX 5,431.12 and its two-hundred day moving average price is GBX 5,260.20. The company has a debt-to-equity ratio of 111.93, a quick ratio of 1.01 and a current ratio of 1.07. The company has a market capitalization of $8.68 billion and a price-to-earnings ratio of 27.92.
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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