Intertek Group (LON:ITRK) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Intertek Group plc (LON:ITRK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,574.56 and traded as high as GBX 5,645. Intertek Group shares last traded at GBX 5,555, with a volume of 2,023,959 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ITRK. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,030 price target on shares of Intertek Group in a report on Thursday, April 16th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,000 target price on shares of Intertek Group in a research note on Wednesday, May 13th. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and boosted their target price for the company from GBX 4,475 to GBX 5,850 in a research note on Tuesday, May 5th. Finally, Citigroup reduced their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 5,466.17.

Intertek Group Price Performance

The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08. The business’s 50 day simple moving average is GBX 4,969.58 and its 200-day simple moving average is GBX 4,582. The stock has a market capitalization of £8.65 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Insider Transactions at Intertek Group

In other news, insider Kawal Preet bought 160 shares of Intertek Group stock in a transaction on Monday, March 16th. The stock was purchased at an average cost of GBX 3,710 per share, with a total value of £5,936. 1.22% of the stock is owned by 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.