Intertek Group (LON:ITRK) Sets New 12-Month High – What’s Next?

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 5,845 and last traded at GBX 5,825, with a volume of 670206 shares. The stock had previously closed at GBX 5,820.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ITRK. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,030 price target on shares of Intertek Group in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upgraded Intertek Group to an “outperform” rating and raised their target price 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 issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,466.17.

Intertek Group Stock Up 0.1%

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 business has a 50-day simple moving average of GBX 5,666.24 and a 200-day simple moving average of GBX 4,835.50. The stock has a market cap of £8.94 billion, a P/E ratio of 26.97, a PEG ratio of 1.99 and a beta of 0.97.

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.