Intertek Group (LON:ITRK) Share Price Passes Above 200-Day Moving Average – What’s Next?

Intertek Group plc (LON:ITRK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,494.51 and traded as high as GBX 4,811. Intertek Group shares last traded at GBX 4,804, with a volume of 282,685 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ITRK. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Citigroup decreased their price objective on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 4,800 price objective on shares of Intertek Group in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,124.50.

Intertek Group Stock Performance

The business has a 50 day simple moving average of GBX 4,138.01 and a 200 day simple moving average of GBX 4,492.29. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The company has a market capitalization of £7.37 billion, a PE ratio of 22.24, a PEG ratio of 1.99 and a beta of 0.81.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. Equities research analysts predict that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Insider Buying and Selling

In other Intertek Group news, insider Andrew Martin purchased 485 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of GBX 3,794 per share, for a total transaction of £18,400.90. Also, insider Tamara Ingram purchased 151 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of GBX 3,794 per share, with a total value of £5,728.94. Insiders bought a total of 4,479 shares of company stock valued at $17,624,681 in the last 90 days. 1.18% of the stock is owned by insiders.

About Intertek Group

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.