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

Intertek Group plc (LON:ITRK) hit a new 52-week high on Monday. The company traded as high as GBX 5,920 and last traded at GBX 5,915, with a volume of 3,299,304 shares trading hands. The stock had previously closed at GBX 5,920.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 5,850 price objective on shares of Intertek Group in a report on Thursday, August 6th. Two 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, Intertek Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,649.25.

Intertek Group Price Performance

The stock has a market capitalization of £9.08 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 1.99 and a beta of 0.97. The firm’s fifty day moving average is GBX 5,866.46 and its 200-day moving average is GBX 5,534.06. 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 posted its quarterly earnings data 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%. On average, sell-side analysts predict that Intertek Group plc will post 263.73 earnings per share for the current year.

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.