Intertek Group (LON:ITRK) Hits New 12-Month High – Should You Buy?

Shares of Intertek Group plc (LON:ITRK) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5,860 and last traded at GBX 5,860, with a volume of 518977 shares traded. The stock had previously closed at GBX 5,845.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group restated 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 reiterated a “sector perform” rating and set a GBX 5,850 price target on shares of Intertek Group in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,649.25.

Intertek Group Stock Performance

The company’s 50 day moving average price is GBX 5,830.37 and its 200-day moving average price is GBX 5,104.72. The company has a debt-to-equity ratio of 179.40, a quick ratio of 1.19 and a current ratio of 1.10. The company has a market cap of £8.99 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 126.60 EPS for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. Equities research analysts anticipate that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

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.