Intertek Group (LON:ITRK) Sets New 1-Year High – Should You Buy?

Intertek Group plc (LON:ITRK) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 5,820 and last traded at GBX 5,815, with a volume of 284859 shares. The stock had previously closed at GBX 5,810.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ITRK. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a research report on Wednesday, May 13th. Royal Bank Of Canada raised Intertek Group to an “outperform” rating and boosted their price target for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Finally, 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. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 5,466.17.

Intertek Group Price Performance

The firm’s 50-day moving average price is GBX 5,543.99 and its 200-day moving average price is GBX 4,751.87. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The company has a market cap of £8.92 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

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.