Intertek Group (LON:ITRK) Sets New 1-Year High – Should You Buy?

Intertek Group plc (LON:ITRK)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 5,855 and last traded at GBX 5,845, with a volume of 423705 shares trading hands. The stock had previously closed at GBX 5,850.

Analyst Ratings Changes

ITRK has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a research note on Wednesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 5,850 price target on shares of Intertek Group in a research note 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. Based on data from MarketBeat, Intertek Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,649.25.

Intertek Group Trading Down 0.1%

The company has a 50 day moving average of GBX 5,825.98 and a 200 day moving average of GBX 5,055.74. The firm has a market cap of £8.96 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth 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 released its quarterly earnings data on Friday, July 31st. The company reported GBX 126.60 earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. As a group, research analysts anticipate that Intertek Group plc will post 263.7305699 EPS for the current 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.