Citigroup Cuts Intertek Group (LON:ITRK) Price Target to GBX 5,717

Intertek Group (LON:ITRK) had its price target dropped by stock analysts at Citigroup from GBX 5,847 to GBX 5,717 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 41.37% from the stock’s previous close.

Separately, Jefferies Financial Group decreased their price target on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,169.50.

Intertek Group Price Performance

LON:ITRK traded up GBX 10 during mid-day trading on Thursday, reaching GBX 4,044. The stock had a trading volume of 779,361 shares, compared to its average volume of 2,733,589. Intertek Group has a 12 month low of GBX 3,882 and a 12 month high of GBX 5,335. The stock has a market capitalization of £6.21 billion, a PE ratio of 18.09, a P/E/G ratio of 1.99 and a beta of 0.65. The company has a debt-to-equity ratio of 128.18, a current ratio of 1.34 and a quick ratio of 1.19. The stock has a 50-day simple moving average of GBX 4,529.32 and a two-hundred day simple moving average of GBX 4,681.21.

Intertek Group (LON:ITRK) last posted 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 10.66% and a return on equity of 28.61%. On average, equities analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current year.

Insiders Place Their Bets

In other Intertek Group news, insider Robin Freestone acquired 2,455 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of GBX 4,051 per share, with a total value of £99,452.05. Insiders own 1.18% of the company’s stock.

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. 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.