Intertek Group (LON:ITRK) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Intertek Group plc (LON:ITRK)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,494.51 and traded as high as GBX 4,811. Intertek Group shares last traded at GBX 4,804, with a volume of 282,685 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently commented on ITRK. Citigroup reduced their price objective on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,800 price objective on shares of Intertek Group in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,124.50.

Intertek Group Stock Performance

The stock’s 50 day moving average price is GBX 4,138.01 and its 200 day moving average price is GBX 4,494.51. The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08. The company has a market capitalization of £7.37 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

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

Insider Activity at Intertek Group

In related news, insider Colm Deasy sold 3,176 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £120,497.44. Also, insider Andre Lacroix sold 37,635 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £1,427,871.90. Insiders have acquired 4,479 shares of company stock worth $17,624,681 over the last ninety days. 1.18% of the stock is 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.