Intertek Group (LON:ITRK) Sets New 1-Year High – Here’s What Happened

Intertek Group plc (LON:ITRK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 5,820 and last traded at GBX 5,815, with a volume of 12677633 shares. The stock had previously closed at GBX 5,810.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ITRK. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,000 target price on shares of Intertek Group in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 5,030 price target on shares of Intertek Group in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada raised 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,466.17.

Intertek Group Stock Performance

The firm’s fifty day moving average is GBX 5,579.95 and its 200 day moving average is GBX 4,768.81. The company has a market cap of £8.93 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20.

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.