Intertek Group (LON:ITRK) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Intertek Group plc (LON:ITRK)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,804.14 and traded as high as GBX 4,944. Intertek Group shares last traded at GBX 4,858, with a volume of 698,896 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ITRK shares. Shore Capital restated a “hold” rating and issued a GBX 4,500 price target on shares of Intertek Group in a research report on Friday, August 1st. Berenberg Bank reissued a “buy” rating and set a GBX 5,700 price objective on shares of Intertek Group in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 5,000 target price on shares of Intertek Group in a research report on Friday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,800 target price on shares of Intertek Group in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,300 price target on shares of Intertek Group in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intertek Group currently has a consensus rating of “Hold” and a consensus price target of GBX 5,300.

Intertek Group Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The stock has a 50-day simple moving average of GBX 4,866.99 and a 200 day simple moving average of GBX 4,805.25. The stock has a market capitalization of £7.43 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

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.