Intertek Group (LON:ITRK) Sets New 12-Month Low – Here’s Why

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 3,696 and last traded at GBX 3,712, with a volume of 1403157 shares traded. The stock had previously closed at GBX 3,734.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ITRK shares. Citigroup decreased their price target on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Jefferies Financial Group cut their price objective on Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 5,169.50.

Intertek Group Stock Performance

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 stock has a market capitalization of £5.70 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. The firm’s fifty day moving average price is GBX 4,426.56 and its 200 day moving average price is GBX 4,640.70.

Intertek Group (LON:ITRK) last posted its 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%. Analysts forecast that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Insider Activity at Intertek Group

In other news, insider Robin Freestone acquired 2,455 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 4,051 per share, with a total value of £99,452.05. 1.18% of the stock is currently owned by corporate insiders.

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.