Intertek Gp (OTCMKTS:IKTSY) Reaches New 1-Year High – Time to Buy?

Shares of Intertek Gp (OTCMKTS:IKTSY) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $80.6640 and last traded at $80.6640, with a volume of 1,075 shares trading hands. The stock had previously closed at $79.56.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut Intertek Gp from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Intertek Gp has a consensus rating of “Hold”.

Intertek Gp Stock Up 1.2%

The firm has a 50 day simple moving average of $78.67 and a two-hundred day simple moving average of $70.16.

About Intertek Gp

Intertek Group plc is a global provider of quality assurance, testing, inspection and certification services. The company helps businesses assess the safety, quality, performance and compliance of products, materials, processes and systems across their supply chains.

Its services include laboratory testing, product and commodity inspection, certification, auditing, conformity assessment and technical assurance. Intertek serves a broad range of industries, including consumer products, chemicals, energy, construction and engineering, transportation, food, pharmaceuticals and information technology.

Intertek traces its origins to 1885 and has developed into an international testing and assurance organization serving customers through operations across numerous markets worldwide.