Goldman Sachs Group upgraded shares of Intertek Group (LON:ITRK) to a neutral rating in a research report report published on Wednesday morning, Stock Target Advisor reports. The firm currently has GBX 5,200 ($67.95) target price on the stock, down from their previous target price of GBX 5,400 ($70.56).
Other analysts also recently issued research reports about the company. HSBC downgraded Intertek Group to a reduce rating and lowered their target price for the stock from GBX 4,650 ($60.76) to GBX 4,500 ($58.80) in a research note on Friday, November 8th. Deutsche Bank restated a buy rating on shares of Intertek Group in a research note on Monday, September 16th. Shore Capital restated a hold rating on shares of Intertek Group in a research note on Thursday, August 1st. Barclays restated an underweight rating on shares of Intertek Group in a research note on Monday, October 7th. Finally, Berenberg Bank upped their target price on Intertek Group from GBX 4,800 ($62.72) to GBX 5,050 ($65.99) and gave the stock a hold rating in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Intertek Group presently has a consensus rating of Hold and an average price target of GBX 5,176.67 ($67.64).
Shares of ITRK traded down GBX 44 ($0.57) during mid-day trading on Wednesday, reaching GBX 5,250 ($68.60). The company had a trading volume of 378,521 shares, compared to its average volume of 450,024. Intertek Group has a 52-week low of GBX 56.22 ($0.73) and a 52-week high of GBX 5,982 ($78.17). The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 141.86. The stock has a market capitalization of $8.37 billion and a P/E ratio of 29.31. The stock has a 50 day moving average of GBX 5,254.16 and a two-hundred day moving average of GBX 5,396.86.
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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