Deutsche Bank Increases Intertek Group (LON:ITRK) Price Target to GBX 6,300

Intertek Group (LON:ITRK) had its price target raised by Deutsche Bank from GBX 5,700 ($74.98) to GBX 6,300 ($82.87) in a research note issued to investors on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 6.85% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Goldman Sachs Group increased their price objective on shares of Intertek Group from GBX 5,100 ($67.09) to GBX 5,300 ($69.72) and gave the company a “sell” rating in a research report on Wednesday, January 15th. Shore Capital reaffirmed a “hold” rating on shares of Intertek Group in a research report on Tuesday, November 26th. Jefferies Financial Group increased their price objective on shares of Intertek Group from GBX 6,100 ($80.24) to GBX 6,300 ($82.87) and gave the company a “buy” rating in a research report on Wednesday, November 27th. Berenberg Bank increased their price objective on shares of Intertek Group from GBX 5,050 ($66.43) to GBX 5,300 ($69.72) and gave the company a “hold” rating in a research report on Monday, January 27th. Finally, UBS Group increased their price objective on shares of Intertek Group from GBX 5,300 ($69.72) to GBX 5,700 ($74.98) and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Intertek Group presently has a consensus rating of “Hold” and a consensus target price of GBX 5,482.22 ($72.12).

Shares of Intertek Group stock opened at GBX 5,896 ($77.56) on Thursday. The firm has a market capitalization of $9.46 billion and a P/E ratio of 32.92. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 141.86. The company has a 50 day moving average price of GBX 5,894.40 and a 200 day moving average price of GBX 5,550.88. Intertek Group has a 52 week low of GBX 56.22 ($0.74) and a 52 week high of GBX 6,178 ($81.27).

Intertek Group Company Profile

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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Analyst Recommendations for Intertek Group (LON:ITRK)

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