Intertek Group (LON:ITRK)‘s stock had its “hold” rating reissued by analysts at Numis Securities in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Intertek Group from GBX 5,550 ($72.52) to GBX 5,500 ($71.87) and set an “overweight” rating on the stock in a research report on Wednesday, March 13th. Kepler Capital Markets cut Intertek Group to a “hold” rating and upped their price target for the company from GBX 5,045 ($65.92) to GBX 5,150 ($67.29) in a research report on Friday, February 22nd. Berenberg Bank cut Intertek Group to a “hold” rating and decreased their price target for the company from GBX 5,500 ($71.87) to GBX 4,800 ($62.72) in a research report on Thursday, February 21st. Goldman Sachs Group upped their price target on Intertek Group from GBX 5,330 ($69.65) to GBX 5,600 ($73.17) and gave the company a “neutral” rating in a research report on Monday, January 21st. Finally, Shore Capital reiterated a “hold” rating on shares of Intertek Group in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 5,038.89 ($65.84).
LON ITRK opened at GBX 5,072 ($66.27) on Thursday. The stock has a market cap of $8.14 billion and a price-to-earnings ratio of 29.03. Intertek Group has a 52 week low of GBX 4,323 ($56.49) and a 52 week high of GBX 6,084 ($79.50). The company has a current ratio of 1.25, a quick ratio of 1.18 and a debt-to-equity ratio of 108.46.
In related news, insider Andre Lacroix sold 43,345 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 4,765 ($62.26), for a total value of £2,065,389.25 ($2,698,796.88). Also, insider Gill Rider acquired 123 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of GBX 4,657 ($60.85) per share, for a total transaction of £5,728.11 ($7,484.79).
About Intertek Group
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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