HSBC upgraded shares of Intertek Group (OTCMKTS:IKTSY) from a reduce rating to a hold rating in a research report sent to investors on Wednesday morning, The Fly reports.
Several other brokerages also recently weighed in on IKTSY. UBS Group restated a neutral rating on shares of Intertek Group in a research note on Friday, October 16th. JPMorgan Chase & Co. reissued an overweight rating on shares of Intertek Group in a research report on Wednesday, November 25th. BNP Paribas upgraded Intertek Group from a neutral rating to an outperform rating in a research note on Monday, December 7th. Berenberg Bank reiterated a hold rating on shares of Intertek Group in a research note on Thursday, October 1st. Finally, Zacks Investment Research lowered Intertek Group from a hold rating to a sell rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $77.00.
OTCMKTS IKTSY remained flat at $$78.55 on Wednesday. The company’s stock had a trading volume of 351 shares, compared to its average volume of 1,080. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 0.71. Intertek Group has a 52-week low of $46.63 and a 52-week high of $82.42. The firm’s 50-day moving average is $79.90 and its 200-day moving average is $77.02. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 28.99 and a beta of 0.63.
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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