Intertek Group (LON:ITRK) Sets New 52-Week Low – Here’s What Happened

Intertek Group plc (LON:ITRK)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 3,519.42 and last traded at GBX 3,531.12, with a volume of 23377740 shares. The stock had previously closed at GBX 3,593.57.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ITRK shares. Jefferies Financial Group lowered their price objective on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a research report on Thursday, March 5th. Citigroup reduced their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,169.50.

Intertek Group Stock Performance

The firm has a market capitalization of £5.43 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The stock has a 50-day moving average price of GBX 4,331.67 and a 200-day moving average price of GBX 4,605.16.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. On average, research analysts expect that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robin Freestone purchased 2,455 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of GBX 4,051 per share, with a total value of £99,452.05. Also, insider Kawal Preet purchased 160 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of GBX 3,710 per share, with a total value of £5,936. Insiders acquired a total of 4,479 shares of company stock worth $17,624,681 over the last 90 days. 1.18% of the stock is currently owned by corporate insiders.

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.