Intertek Group (LON:ITRK) Sets New 1-Year High – What’s Next?

Intertek Group plc (LON:ITRK)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 5,790 and last traded at GBX 5,760, with a volume of 906224 shares trading hands. The stock had previously closed at GBX 5,720.

Wall Street Analysts Forecast Growth

ITRK has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 6,000 price objective on shares of Intertek Group in a research note on Wednesday, May 13th. Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and raised their price objective for the company from GBX 4,475 to GBX 5,850 in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Finally, Citigroup dropped their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a report on Thursday, March 5th. Four 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, the stock has an average rating of “Moderate Buy” and an average price target of GBX 5,466.17.

Intertek Group Stock Performance

The business’s fifty day moving average price is GBX 5,085.13 and its 200-day moving average price is GBX 4,602.51. The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08. The stock has a market cap of £8.83 billion, a PE ratio of 26.63, a P/E/G 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.