Royal Bank Of Canada Reaffirms “Sector Perform” Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “sector perform” rating restated by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 5,850 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 0.25% from the company’s previous close.

Several other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,030 price objective on shares of Intertek Group in a report on Thursday, April 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Trading Down 0.1%

Shares of Intertek Group stock opened at GBX 5,835.15 on Thursday. The stock has a market capitalization of £8.96 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 179.40. The company has a 50-day simple moving average of GBX 5,720.14 and a 200 day simple moving average of GBX 4,904.78. Intertek Group has a 12-month low of GBX 3,519.42 and a 12-month high of GBX 5,855.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 126.60 EPS for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. Research analysts expect that Intertek Group will post 263.7305699 earnings per share for the current fiscal 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.