Intertek Group (LON:ITRK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Intertek Group plc (LON:ITRK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,652.89 and traded as high as GBX 5,805. Intertek Group shares last traded at GBX 5,790, with a volume of 2,120,678 shares trading hands.

Wall Street Analyst Weigh In

ITRK has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,030 price target on shares of Intertek Group in a research report on Thursday, April 16th. Citigroup dropped their price objective on 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. 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 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,466.17.

Intertek Group Price Performance

The stock has a fifty day moving average price of GBX 5,346.76 and a 200-day moving average price of GBX 4,660.98. The company has a market cap of £8.92 billion, a PE ratio of 26.90, a price-to-earnings-growth 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.

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.