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

Intertek Group plc (LON:ITRK)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,810.20 ($60.06) and traded as high as GBX 5,005 ($62.49). Intertek Group shares last traded at GBX 4,955.53 ($61.87), with a volume of 349,972 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ITRK. JPMorgan Chase & Co. boosted their target price on Intertek Group from GBX 5,400 ($67.42) to GBX 5,500 ($68.67) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Shore Capital upgraded Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 5,550 ($69.30).

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 100.41. The firm has a market cap of £8.13 billion, a P/E ratio of 2,655.26, a PEG ratio of 1.99 and a beta of 0.63. The company has a fifty day moving average price of GBX 4,727.19 and a two-hundred day moving average price of GBX 4,814.10.

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.