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

Intertek Group plc (LON:ITRK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,826.95 and traded as high as GBX 5,830. Intertek Group shares last traded at GBX 5,815, with a volume of 2,791,722 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ITRK shares. Royal Bank Of Canada raised Intertek Group to an “outperform” rating and raised their target price for the stock from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,466.17.

Intertek Group Stock Performance

The stock has a market cap of £8.93 billion, a P/E ratio of 26.92, a PEG ratio of 1.99 and a beta of 0.97. 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 firm’s 50-day moving average price is GBX 5,662.14 and its 200-day moving average price is GBX 4,826.95.

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.