Intertek Group (LON:ITRK) Reaches New 12-Month High – Should You Buy?

Intertek Group plc (LON:ITRK) shares hit a new 52-week high on Friday . The stock traded as high as GBX 5,745 and last traded at GBX 5,705.15, with a volume of 2145820 shares traded. The stock had previously closed at GBX 5,555.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,030 price target on shares of Intertek Group in a research report on Thursday, April 16th. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and upped their price target for the stock from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, May 13th. Finally, Citigroup lowered their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 5,466.17.

Intertek Group Price Performance

The stock’s 50-day moving average is GBX 4,969.58 and its 200 day moving average is GBX 4,582. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The company has a market cap of £8.65 billion, a PE ratio of 26.10, a PEG ratio of 1.99 and a beta of 0.97.

Insider Buying and Selling

In related news, insider Kawal Preet purchased 160 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of GBX 3,710 per share, for a total transaction of £5,936. 1.22% of the stock is owned by insiders.

Intertek Group Company Profile

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.