Intertek Group (LON:ITRK) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Intertek Group plc (LON:ITRK)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,959.05 and traded as high as GBX 5,845. Intertek Group shares last traded at GBX 5,840, with a volume of 2,643,135 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 5,850 target price on shares of Intertek Group in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Price Performance

The stock’s fifty day moving average is GBX 5,786.24 and its two-hundred day moving average is GBX 4,965.21. The company has a current ratio of 1.10, a quick ratio of 1.19 and a debt-to-equity ratio of 179.40. The firm has a market cap of £8.96 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last posted its earnings results 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%. As a group, research analysts anticipate 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.