Intertek Group (LON:ITRK) Hits New 1-Year High – Time to Buy?

Intertek Group plc (LON:ITRK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 5,275 and last traded at GBX 5,245, with a volume of 2997980 shares changing hands. The stock had previously closed at GBX 4,980.

Wall Street Analyst Weigh In

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

Intertek Group Trading Up 1.1%

The business’s fifty day moving average price is GBX 4,211.82 and its 200 day moving average price is GBX 4,502.24. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The firm has a market capitalization of £8.66 billion, a PE ratio of 26.11, a P/E/G ratio of 1.99 and a beta of 0.93.

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

Insider Buying and Selling

In other Intertek Group news, insider Tamara Ingram acquired 151 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of GBX 3,794 per share, with a total value of £5,728.94. Also, insider Kawal Preet acquired 160 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of GBX 3,710 per share, for a total transaction of £5,936. Over the last ninety days, insiders have acquired 4,479 shares of company stock valued at $17,624,681. 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.