Intertek Group (LON:ITRK) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Intertek Group plc (LON:ITRK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,826.95 and traded as high as GBX 5,830. Intertek Group shares last traded at GBX 5,815, with a volume of 2,791,722 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ITRK. Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and increased their target price for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 5,466.17.

Intertek Group Price Performance

The stock has a 50 day moving average of GBX 5,666.24 and a two-hundred day moving average of GBX 4,833.89. The stock has a market cap of £8.93 billion, a PE ratio of 26.94, a PEG ratio of 1.99 and a beta of 0.97. 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 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.