Berenberg Bank Boosts Intertek Group (LON:ITRK) Price Target to GBX 5,400

Intertek Group (LON:ITRK) had its price objective boosted by investment analysts at Berenberg Bank from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) in a report released on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 11.80% from the stock’s previous close.

Several other research firms have also issued reports on ITRK. Shore Capital restated a “hold” rating on shares of Intertek Group in a report on Thursday, December 21st. BNP Paribas upgraded shares of Intertek Group to an “outperform” rating and set a GBX 5,000 ($62.24) price objective on the stock in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 4,751 ($59.14).

Intertek Group Stock Performance

LON ITRK opened at GBX 4,830 ($60.13) on Monday. The stock has a market cap of £7.80 billion, a PE ratio of 2,639.34, a PEG ratio of 2.10 and a beta of 0.64. The firm’s fifty day moving average price is GBX 4,756.92 and its two-hundred day moving average price is GBX 4,338.95. The company has a debt-to-equity ratio of 89.53, a quick ratio of 1.19 and a current ratio of 1.09. Intertek Group has a fifty-two week low of GBX 3,746 ($46.63) and a fifty-two week high of GBX 5,068 ($63.09).

Insiders Place Their Bets

In related news, insider Jeremy (Jez) Maiden bought 114 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of GBX 5,032 ($62.64) per share, with a total value of £5,736.48 ($7,141.14). Insiders own 0.54% of the company’s stock.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.