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

Intertek Group plc (LON:ITRK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 5,855 and last traded at GBX 5,845, with a volume of 423705 shares changing hands. The stock had previously closed at GBX 5,850.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ITRK. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 5,850 price objective on shares of Intertek Group in a research note on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Trading Down 0.1%

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 business’s 50 day simple moving average is GBX 5,822.88 and its 200 day simple moving average is GBX 5,036.48. The company has a market capitalization of £8.97 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 126.60 EPS for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. Research analysts anticipate that Intertek Group plc will post 263.7305699 EPS for the current 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.