Intertek Group’s stock rating was upgraded by Shore Capital to a hold rating, as reported by Marketbeat.com. Additionally, Royal Bank of Canada reaffirmed an “outperform” rating with a target price of GBX 5,200 ($65.99) on shares of Intertek Group. Overall, one analyst rated the stock as hold, while four analysts rated it as a buy. The company currently holds an average rating of “Moderate Buy” with a consensus target price of GBX 5,425 ($68.85).
In terms of stock performance, shares of LON:ITRK traded down GBX 12 ($0.15) on Tuesday, closing at GBX 4,492 ($57.01). The company saw 312,243 shares traded, compared to the average volume of 507,741. Intertek Group has a market capitalization of £7.24 billion, a price-to-earnings ratio of 2,367.37, a price-to-earnings-growth ratio of 1.99, and a beta of 0.63. The company’s quick ratio stands at 1.19, the current ratio at 1.27, and the debt-to-equity ratio at 100.41. The fifty-day moving average price is GBX 4,908.71, while the two-hundred day moving average price is GBX 4,860.10. The stock’s 12-month low is GBX 3,778 ($47.94) and the high is GBX 5,240 ($66.50).
Intertek Group plc provides quality assurance solutions to various industries in the UK, US, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.
Investors may be wondering whether they should invest $1,000 in Intertek Group right now. While the stock has a “Moderate Buy” rating among analysts, there are other stocks that are being recommended by top-rated analysts. These stocks may present better investment opportunities for those looking to grow their portfolios.
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