Intertek Group (LON:ITRK) Reaches New 52-Week High After Analyst Upgrade

Intertek Group plc (LON:ITRK)’s stock price reached a new 52-week high during trading on Tuesday after Royal Bank Of Canada upgraded the stock to an outperform rating. Royal Bank Of Canada now has a GBX 5,850 price target on the stock, up from their previous price target of GBX 4,475. Intertek Group traded as high as GBX 5,270 and last traded at GBX 5,120, with a volume of 28682104 shares. The stock had previously closed at GBX 4,804.

ITRK has been the subject of a number of other reports. Citigroup reduced their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a report on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,800 price objective on shares of Intertek Group in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,266.17.

Insider Transactions at Intertek Group

In other Intertek Group 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 cost of GBX 3,710 per share, with a total value of £5,936. Also, insider Andre Lacroix sold 37,635 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £1,427,871.90. In the last three months, insiders purchased 4,479 shares of company stock valued at $17,624,681. Corporate insiders own 1.18% of the company’s stock.

Intertek Group Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The business’s 50-day moving average is GBX 4,138.01 and its two-hundred day moving average is GBX 4,490.23. The company has a market capitalization of £7.94 billion, a P/E ratio of 23.94, a price-to-earnings-growth 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 for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current 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.