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

Intertek Group plc (LON:ITRK) hit a new 52-week high on Tuesday. The company traded as high as GBX 5,880 and last traded at GBX 5,875, with a volume of 263054 shares changing hands. The stock had previously closed at GBX 5,875.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 5,850 price objective on shares of Intertek Group in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,649.25.

Intertek Group Price Performance

The company has a debt-to-equity ratio of 179.40, a current ratio of 1.10 and a quick ratio of 1.19. The company has a fifty day moving average price of GBX 5,846.30 and a 200 day moving average price of GBX 5,284.66. The company has a market capitalization of £9.03 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last announced its quarterly earnings results 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%. On average, sell-side analysts forecast that Intertek Group plc will post 263.7305699 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.