Intertek Group (LON:ITRK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Intertek Group plc (LON:ITRK)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,877.35 ($61.86) and traded as high as GBX 5,270 ($66.84). Intertek Group shares last traded at GBX 5,120 ($64.93), with a volume of 322,514 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ITRK shares. Shore Capital raised shares of Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on shares of Intertek Group from GBX 5,400 ($68.48) to GBX 5,500 ($69.75) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,550 ($70.39).

Intertek Group Trading Up 0.7 %

The stock has a market capitalization of £8.28 billion, a PE ratio of 26.87, a PEG ratio of 1.99 and a beta of 0.63. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. The business’s 50-day moving average is GBX 4,964.33 and its two-hundred day moving average is GBX 4,877.35.

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.