Intertek Group (OTCMKTS:IKTSY) Earns Hold Rating from Deutsche Bank Aktiengesellschaft
Intertek Group (OTCMKTS:IKTSY)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Intertek Group in a report on Wednesday, November 25th. UBS Group reaffirmed a “neutral” rating on shares of Intertek Group in a research report on Friday, October 16th. Zacks Investment Research cut shares of Intertek Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Bank of America raised shares of Intertek Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, December 8th. Finally, Exane BNP Paribas upgraded shares of Intertek Group from a “neutral” rating to an “outperform” rating in a research note on Monday, December 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $77.00.
Shares of OTCMKTS:IKTSY opened at $78.55 on Thursday. Intertek Group has a 1-year low of $46.63 and a 1-year high of $82.42. The stock has a market cap of $12.68 billion, a P/E ratio of 28.99 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.15 and a quick ratio of 1.12. The firm has a fifty day moving average price of $79.90 and a 200 day moving average price of $77.02.
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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