Royal Bank Of Canada Reiterates “Sector perform” Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 5,850 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 0.17% from the company’s current price.

Several other equities analysts also recently weighed in on ITRK. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,030 target price on shares of Intertek Group in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,649.25.

Intertek Group Stock Performance

ITRK opened at GBX 5,840 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 179.40. The company has a market cap of £8.96 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.99 and a beta of 0.97. Intertek Group has a 52-week low of GBX 3,519.42 and a 52-week high of GBX 5,855. The firm’s fifty day simple moving average is GBX 5,739.74 and its two-hundred day simple moving average is GBX 4,919.96.

Intertek Group (LON:ITRK) last announced its earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. Equities analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current fiscal year.

Intertek Group Company Profile

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.