Intertek Group (LON:ITRK) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Intertek Group plc (LON:ITRK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,546.77 and traded as high as GBX 5,390. Intertek Group shares last traded at GBX 5,310, with a volume of 1,048,321 shares.

Wall Street Analysts Forecast Growth

ITRK has been the subject of a number of research reports. Citigroup cut their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research report on Thursday, March 5th. Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and boosted their target price for the company from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,466.17.

Intertek Group Stock Down 1.1%

The stock has a market capitalization of £8.15 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.99 and a beta of 0.93. The firm’s fifty day moving average is GBX 4,709 and its 200-day moving average is GBX 4,546.77. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19.

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

Insider Activity at Intertek Group

In other Intertek Group news, insider Kawal Preet bought 160 shares of the company’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of GBX 3,710 per share, with a total value of £5,936. Also, insider Jeremy (Jez) Maiden bought 138 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of GBX 3,794 per share, for a total transaction of £5,235.72. Insiders acquired 2,024 shares of company stock valued at $7,679,476 in the last ninety days. 1.18% of the stock is owned by 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.