Intertek Group (LON:ITRK) Sets New 12-Month High – Here’s What Happened

Intertek Group plc (LON:ITRK)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 5,850 and last traded at GBX 5,840, with a volume of 261736 shares traded. The stock had previously closed at GBX 5,840.

Analyst Upgrades and Downgrades

ITRK has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,030 target price on shares of Intertek Group in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upgraded Intertek Group to an “outperform” rating and increased their price objective for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,659.40.

Intertek Group Price Performance

The stock has a market capitalization of £8.97 billion, a PE ratio of 27.06, a P/E/G ratio of 1.99 and a beta of 0.97. 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 firm’s 50 day simple moving average is GBX 5,699.84 and its 200 day simple moving average is GBX 4,878.65.

Intertek Group (LON:ITRK) last announced 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 net margin of 9.07% and a return on equity of 29.86%. As a group, equities 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.