Intertek Group’s (ITRK) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Intertek Group (LON:ITRK) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage currently has a GBX 4,800 price objective on the stock.

A number of other research firms have also issued reports on ITRK. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,030 price target on shares of Intertek Group in a report on Thursday. Citigroup cut their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 5,124.50.

Intertek Group Stock Up 4.5%

ITRK stock opened at GBX 4,969 on Friday. Intertek Group has a 12 month low of GBX 3,519.42 and a 12 month high of GBX 5,150. The firm has a 50 day simple moving average of GBX 4,076.24 and a 200 day simple moving average of GBX 4,499.77. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The firm has a market cap of £7.63 billion, a PE ratio of 23.00, a P/E/G ratio of 1.99 and a beta of 0.81.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. Equities research analysts forecast that Intertek Group will post 263.7305699 earnings per share for the current fiscal year.

Insider Transactions at Intertek Group

In related news, insider Kawal Preet acquired 160 shares of the company’s stock in a transaction on Monday, March 16th. The shares were purchased at an average price of GBX 3,710 per share, for a total transaction of £5,936. Also, insider Andrew Martin acquired 485 shares of the company’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of GBX 3,794 per share, for a total transaction of £18,400.90. In the last quarter, insiders have acquired 4,479 shares of company stock worth $17,624,681. 1.18% of the stock is owned by company insiders.

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.