Intertek Group (LON:ITRK) Sets New 52-Week High – What’s Next?

Intertek Group plc (LON:ITRK) hit a new 52-week high on Friday . The stock traded as high as GBX 5,820 and last traded at GBX 5,810.49, with a volume of 448504 shares changing hands. The stock had previously closed at GBX 5,815.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ITRK. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,030 target price on shares of Intertek Group in a research report on Thursday, April 16th. Citigroup dropped their price target on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research note on Thursday, March 5th. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and upped their price objective for the stock from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,000 price objective on shares of Intertek Group in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 5,466.17.

Intertek Group Trading Down 0.1%

The firm has a market capitalization of £8.92 billion, a price-to-earnings ratio of 26.90, a P/E/G 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 simple moving average is GBX 5,421.27 and its 200 day simple moving average is GBX 4,700.85.

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.