Intertek Group (LON:ITRK) Reaches New 52-Week High – Still a Buy?

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 5,820 and last traded at GBX 5,815, with a volume of 284859 shares. The stock had previously closed at GBX 5,810.

Analysts Set New Price Targets

Several research firms have commented on ITRK. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Royal Bank Of Canada raised Intertek Group to an “outperform” rating and lifted their price target for the stock from GBX 4,475 to GBX 5,850 in a research note on Tuesday, May 5th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,466.17.

Intertek Group Price Performance

The stock has a market capitalization of £8.92 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The business’s 50-day moving average is GBX 5,498.81 and its two-hundred day moving average is GBX 4,736.41.

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.