Intertek Group (LON:ITRK) Sets New 1-Year High – Here’s What Happened

Shares of Intertek Group plc (LON:ITRK) hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 5,880 and last traded at GBX 5,875, with a volume of 617726 shares traded. The stock had previously closed at GBX 5,870.

Wall Street Analysts Forecast Growth

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

Intertek Group Stock Up 0.1%

The firm has a 50-day moving average of GBX 5,844.40 and a 200 day moving average of GBX 5,256.91. 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 stock has a market capitalization of £9.01 billion, a price-to-earnings ratio of 28.61, a PEG 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 earnings per share for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. As a group, sell-side analysts forecast 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.