Intertek Group (LON:ITRK) Share Price Passes Above 200 Day Moving Average of $4,663.82

Intertek Group plc (LON:ITRK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,663.82 ($59.16) and traded as high as GBX 4,758 ($60.36). Intertek Group shares last traded at GBX 4,748 ($60.23), with a volume of 420,597 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ITRK shares. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 5,200 ($65.96) price target on shares of Intertek Group in a research note on Tuesday, May 28th. Berenberg Bank lifted their target price on shares of Intertek Group from GBX 4,900 ($62.16) to GBX 5,400 ($68.50) and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($76.11) price target on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 5,331 ($67.63).

Intertek Group Stock Performance

The business’s fifty day moving average is GBX 4,886.20 and its 200-day moving average is GBX 4,669.01. The company has a market cap of £7.72 billion, a PE ratio of 2,605.43, a P/E/G ratio of 2.14 and a beta of 0.64. The company has a quick ratio of 1.19, a current ratio of 1.09 and a debt-to-equity ratio of 89.53.

Intertek Group Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.