Intertek Group (LON:ITRK) Reaches New 12-Month High – What’s Next?

Intertek Group plc (LON:ITRK) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 5,880 and last traded at GBX 5,880, with a volume of 484182 shares changing hands. The stock had previously closed at GBX 5,865.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 5,850 price objective 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Trading Up 0.4%

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 company’s 50 day simple moving average is GBX 5,840.50 and its two-hundred day simple moving average is GBX 5,201.22. The stock has a market cap of £9.00 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last announced its quarterly earnings data 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%. Research analysts expect that Intertek Group plc will post 263.7305699 EPS for the current fiscal 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.