Intertek Group (LON:ITRK) Hits New 1-Year High – Here’s What Happened

Intertek Group plc (LON:ITRK) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 5,275 and last traded at GBX 5,245, with a volume of 2997980 shares trading hands. The stock had previously closed at GBX 4,980.

Analyst Ratings Changes

Several equities research analysts have recently commented on ITRK shares. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and upped their price target for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,800 target price on shares of Intertek Group in a report on Friday, April 17th. 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 report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,030 target price on shares of Intertek Group in a report on Thursday, April 16th. Four 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,266.17.

Intertek Group Stock Up 5.0%

The company’s fifty day moving average is GBX 4,183.51 and its 200-day moving average is GBX 4,495.90. The company has a market capitalization of £8.03 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08.

Intertek Group (LON:ITRK) last released its earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, analysts predict that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intertek Group news, insider Andre Lacroix sold 37,635 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of GBX 3,794, for a total value of £1,427,871.90. Also, insider Kawal Preet purchased 160 shares of the company’s stock in a transaction on Monday, March 16th. The stock was acquired at an average price of GBX 3,710 per share, with a total value of £5,936. Insiders purchased a total of 4,479 shares of company stock worth $17,624,681 over the last ninety days. 1.18% of the stock is owned by company insiders.

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.