Intertek Group (LON:ITRK) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Intertek Group plc (LON:ITRK)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,528.46 and traded as low as GBX 3,662. Intertek Group shares last traded at GBX 3,762.40, with a volume of 91,618,563 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ITRK shares. Jefferies Financial Group cut their price target on Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a research note on Thursday, March 5th. Citigroup reduced their target price on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,169.50.

Intertek Group Trading Up 3.4%

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 has a fifty day simple moving average of GBX 4,104.97 and a 200 day simple moving average of GBX 4,516.70. The company has a market cap of £5.84 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.99 and a beta of 0.81.

Intertek Group (LON:ITRK) last released its earnings results on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. On average, equities analysts anticipate that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Insider Buying and Selling

In other Intertek Group news, insider Kawal Preet bought 160 shares of Intertek Group stock in a transaction on Monday, March 16th. The stock was bought at an average price of GBX 3,710 per share, with a total value of £5,936. Also, insider Steven L. Mogford purchased 156 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of GBX 3,794 per share, with a total value of £5,918.64. Insiders have acquired 4,479 shares of company stock valued at $17,624,681 in the last quarter. Corporate insiders own 1.18% of the company’s stock.

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.