Intertek Group (LON:ITRK) Sets New 12-Month High – Should You Buy?

Intertek Group plc (LON:ITRK)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 5,855 and last traded at GBX 5,845, with a volume of 423705 shares traded. The stock had previously closed at GBX 5,850.

Wall Street Analysts Forecast Growth

ITRK has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a research note on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 5,850 price target on shares of Intertek Group in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Intertek Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,649.25.

Intertek Group Stock Down 0.1%

The company has a current ratio of 1.10, a quick ratio of 1.19 and a debt-to-equity ratio of 179.40. The firm has a 50 day moving average price of GBX 5,822.88 and a 200-day moving average price of GBX 5,036.48. The firm has a market cap of £8.97 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last posted its earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. On average, equities analysts forecast that Intertek Group plc will post 263.7305699 EPS for the current year.

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.