Intertek Group (LON:ITRK) PT Raised to GBX 5,300 at UBS Group

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Intertek Group (LON:ITRK) had its price target hoisted by equities researchers at UBS Group from GBX 5,000 ($65.33) to GBX 5,300 ($69.25) in a report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential downside of 3.71% from the stock’s current price.

ITRK has been the topic of a number of other reports. Barclays reaffirmed an “underweight” rating on shares of Intertek Group in a research note on Friday, May 24th. Shore Capital reaffirmed a “hold” rating on shares of Intertek Group in a research note on Thursday, August 1st. Deutsche Bank reaffirmed a “buy” rating on shares of Intertek Group in a research note on Friday, August 2nd. Morgan Stanley cut Intertek Group to an “underweight” rating and raised their price objective for the company from GBX 4,700 ($61.41) to GBX 5,250 ($68.60) in a research note on Tuesday, August 6th. Finally, Numis Securities reaffirmed a “hold” rating on shares of Intertek Group in a research note on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 5,154 ($67.35).

Shares of LON:ITRK opened at GBX 5,504 ($71.92) on Friday. The stock’s 50-day moving average price is GBX 5,602.24 and its 200-day moving average price is GBX 5,260.07. Intertek Group has a 12-month low of GBX 4,323 ($56.49) and a 12-month high of GBX 5,982 ($78.17). The stock has a market capitalization of $8.88 billion and a P/E ratio of 30.73. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 141.86.

About Intertek Group

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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