Intertek Group (LON:ITRK) Sets New 52-Week High – Still a Buy?

Intertek Group plc (LON:ITRK)’s stock price hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 5,905 and last traded at GBX 5,895, with a volume of 200,734 shares trading hands. The stock had previously closed at GBX 5,895.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 5,850 target price on shares of Intertek Group in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Stock Down 0.1%

The firm has a 50-day simple moving average of GBX 5,860.36 and a 200 day simple moving average of GBX 5,470.25. The stock has a market capitalization of £9.07 billion, a P/E ratio of 28.82, a P/E/G ratio of 1.99 and a beta of 0.97. The company has a debt-to-equity ratio of 179.40, a current ratio of 1.10 and a quick ratio of 1.19.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. On average, equities research analysts forecast that Intertek Group plc will post 263.73 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.