Intertek Group (LON:ITRK) Share Price Passes Above 200-Day Moving Average – Here’s Why

Intertek Group plc (LON:ITRK)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,036.48 and traded as high as GBX 5,850. Intertek Group shares last traded at GBX 5,850, with a volume of 27,056,949 shares traded.

Analyst Ratings Changes

ITRK has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 5,850 target price on shares of Intertek Group in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Intertek Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,649.25.

Intertek Group Stock Performance

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 has a market capitalization of £8.97 billion, a P/E ratio of 28.50, a PEG ratio of 1.99 and a beta of 0.97. The company’s fifty day simple moving average is GBX 5,825.38 and its 200-day simple moving average is GBX 5,046.19.

Intertek Group (LON:ITRK) last posted its quarterly earnings results 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%. Research analysts predict that Intertek Group plc will post 263.7305699 earnings per share 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.