Intertek Group (LON:ITRK) Reaches New 52-Week High – What’s Next?

Intertek Group plc (LON:ITRK)’s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 5,820 and last traded at GBX 5,815, with a volume of 12677633 shares traded. The stock had previously closed at GBX 5,810.

Analysts Set New Price Targets

ITRK has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, May 13th. Royal Bank Of Canada upgraded Intertek Group to an “outperform” rating and upped their price target for the stock from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Intertek Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,466.17.

Intertek Group Price Performance

The stock has a fifty day moving average of GBX 5,609.14 and a 200-day moving average of GBX 4,785.21. 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 stock has a market capitalization of £8.94 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.99 and a beta of 0.97.

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.