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

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

Analysts Set New Price Targets

Several research analysts recently weighed in on ITRK shares. 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 report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and set a GBX 6,000 price objective on shares of Intertek Group in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Trading Down 0.1%

The business’s 50-day simple moving average is GBX 5,798.44 and its 200-day simple moving average is GBX 4,987.47. The company has a market cap of £8.97 billion, a PE ratio of 28.50, a P/E/G ratio of 1.99 and a beta of 0.97. The company has a current ratio of 1.10, a quick ratio of 1.19 and a debt-to-equity ratio of 179.40.

Intertek Group (LON:ITRK) last posted its quarterly earnings results 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%. As a group, analysts expect that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Intertek Group Company Profile

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.