Intertek Group (LON:ITRK) Sets New 12-Month High – Here’s Why

Intertek Group plc (LON:ITRK) reached a new 52-week high during trading on Friday . The company traded as high as GBX 5,860 and last traded at GBX 5,855, with a volume of 249705 shares changing hands. The stock had previously closed at GBX 5,850.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 5,850 target price on shares of Intertek Group in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Intertek Group presently has an average rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Trading Up 0.1%

The business has a 50 day moving average price of GBX 5,834.80 and a 200-day moving average price of GBX 5,152.69. The firm has a market capitalization of £8.99 billion, a PE ratio of 28.55, 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 issued its 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%. Analysts expect that Intertek Group plc will post 263.7305699 earnings per share for the current 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.