Brokerages Set Intertek Group plc (LON:ITRK) Price Target at GBX 5,331

Shares of Intertek Group plc (LON:ITRK) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 5,331 ($67.43).

Several research analysts have recently issued reports on the stock. Berenberg Bank raised their target price on shares of Intertek Group from GBX 4,900 ($61.98) to GBX 5,400 ($68.30) and gave the company a “buy” rating in a research note on Monday, April 15th. Redburn Partners upgraded shares of Intertek Group to a “buy” rating and set a GBX 6,000 ($75.89) price target on the stock in a research report on Friday, April 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 5,200 ($65.77) price target on shares of Intertek Group in a research report on Tuesday, May 28th.

Intertek Group Stock Down 1.3 %

Shares of LON ITRK opened at GBX 4,734 ($59.88) on Friday. The firm has a market capitalization of £7.63 billion, a PE ratio of 2,572.83, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64. The company has a current ratio of 1.09, a quick ratio of 1.19 and a debt-to-equity ratio of 89.53. Intertek Group has a 1 year low of GBX 3,746 ($47.38) and a 1 year high of GBX 5,145 ($65.08). The firm’s 50-day moving average is GBX 4,886.20 and its 200-day moving average is GBX 4,677.44.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.