Intertek Group (LON:ITRK) Sets New 12-Month High – Time to Buy?

Intertek Group plc (LON:ITRK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 5,855 and last traded at GBX 5,855, with a volume of 286013 shares changing hands. The stock had previously closed at GBX 5,840.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ITRK. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 5,850 price target on shares of Intertek Group in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,649.25.

Intertek Group Price Performance

The stock’s 50-day moving average is GBX 5,786.24 and its two-hundred day moving average is GBX 4,968.23. The company has a debt-to-equity ratio of 179.40, a quick ratio of 1.19 and a current ratio of 1.10. The stock has a market cap of £8.99 billion, a PE ratio of 28.55, a PEG ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last released its earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. On average, equities analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current year.

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.