Intertek Group (LON:ITRK) Given New GBX 5,833 Price Target at Citigroup

Intertek Group (LON:ITRK) had its price objective raised by research analysts at Citigroup from GBX 5,791 to GBX 5,833 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 26.09% from the stock’s previous close.

ITRK has been the topic of several other research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,800 price target on shares of Intertek Group in a report on Thursday, September 11th. Shore Capital reiterated a “hold” rating and issued a GBX 4,500 target price on shares of Intertek Group in a research note on Friday, August 1st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 5,000 target price on shares of Intertek Group in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,300 price target on shares of Intertek Group in a report on Monday, August 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,700 price target on shares of Intertek Group in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intertek Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,376.14.

Intertek Group Stock Down 0.2%

Shares of LON ITRK traded down GBX 8 during mid-day trading on Thursday, reaching GBX 4,626. 316,840 shares of the company traded hands, compared to its average volume of 1,398,597. The company’s fifty day moving average is GBX 4,874.81 and its two-hundred day moving average is GBX 4,806.41. The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. Intertek Group has a fifty-two week low of GBX 4,044 and a fifty-two week high of GBX 5,575. The stock has a market cap of £7.12 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

About Intertek Group

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.