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

Intertek Group plc (LON:ITRK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 5,094.89 and traded as high as GBX 5,850. Intertek Group shares last traded at GBX 5,845, with a volume of 932,299 shares traded.

Analysts Set New Price Targets

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

Intertek Group Stock Performance

The company has a debt-to-equity ratio of 179.40, a current ratio of 1.10 and a quick ratio of 1.19. The company has a 50 day simple moving average of GBX 5,830.37 and a 200-day simple moving average of GBX 5,104.72. The firm has a market cap of £8.99 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

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

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.