Intertek Group (LON:ITRK) Sets New 52-Week High – Should You Buy?

Intertek Group plc (LON:ITRK) hit a new 52-week high during trading on Monday. The company traded as high as GBX 5,925 and last traded at GBX 5,920, with a volume of 533,143 shares traded. The stock had previously closed at GBX 5,925.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 5,850 target price on shares of Intertek Group in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 5,649.25.

Intertek Group Price Performance

The firm has a market capitalization of £9.09 billion, a PE ratio of 28.86, a PEG ratio of 1.99 and a beta of 0.97. The stock has a 50-day moving average price of GBX 5,873.76 and a 200 day moving average price of GBX 5,173.27. The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 179.40.

Intertek Group (LON:ITRK) last announced its earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. Equities analysts forecast that Intertek Group plc will post 263.73 EPS for the current fiscal year.

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.