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

Intertek Group plc (LON:ITRK)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 5,855 and last traded at GBX 5,855, with a volume of 286013 shares changing hands. The stock had previously closed at GBX 5,840.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ITRK. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a research note on Wednesday, May 13th. Royal Bank Of Canada reaffirmed 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Intertek Group presently has an average rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Stock Up 0.3%

The business’s fifty day moving average price is GBX 5,786.24 and its two-hundred day moving average price is GBX 4,968.23. The company has a debt-to-equity ratio of 179.40, a quick ratio of 1.19 and a current ratio of 1.10. The firm has a market capitalization of £8.99 billion, a P/E ratio of 28.55, a PEG ratio of 1.99 and a beta of 0.97.

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