Intertek Group (LON:ITRK) Stock Price Up 12.5% – What’s Next?

Shares of Intertek Group plc (LON:ITRK) shot up 12.5% during mid-day trading on Tuesday . The company traded as high as GBX 4,379 and last traded at GBX 4,293.52. 43,554,023 shares traded hands during trading, an increase of 274% from the average session volume of 11,638,009 shares. The stock had previously closed at GBX 3,818.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup dropped their price target on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Jefferies Financial Group dropped their price target on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,169.50.

Intertek Group Stock Performance

The firm has a market cap of £6.56 billion, a P/E ratio of 19.80, a PEG ratio of 1.99 and a beta of 0.81. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20. The company’s 50-day moving average is GBX 4,064.78 and its two-hundred day moving average is GBX 4,498.69.

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

Insider Activity

In other Intertek Group news, insider Andre Lacroix sold 37,635 shares of Intertek Group stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £1,427,871.90. Also, insider Kawal Preet bought 160 shares of the company’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of GBX 3,710 per share, for a total transaction of £5,936. Over the last 90 days, insiders have purchased 4,479 shares of company stock worth $17,624,681. Corporate insiders own 1.18% of the company’s stock.

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.