Intertek Group (LON:ITRK) Hits New 1-Year High – Here’s What Happened

Shares of Intertek Group plc (LON:ITRK) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 5,275 and last traded at GBX 5,245, with a volume of 2997980 shares changing hands. The stock had previously closed at GBX 4,980.

Analyst Ratings Changes

ITRK has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and upped their price target for the stock from GBX 4,475 to GBX 5,850 in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 4,800 price target on shares of Intertek Group in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,030 price target on shares of Intertek Group in a research note on Thursday, April 16th. Finally, 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 note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,266.17.

Intertek Group Trading Up 5.0%

The company has a market cap of £8.03 billion, a P/E ratio of 24.21, a PEG ratio of 1.99 and a beta of 0.93. The stock’s 50 day moving average is GBX 4,183.51 and its 200-day moving average is GBX 4,495.90. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20.

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

Insider Buying and Selling at Intertek Group

In related news, insider Andrew Martin bought 485 shares of the stock in a transaction on Friday, March 13th. The shares were acquired at an average price of GBX 3,794 per share, for a total transaction of £18,400.90. Also, insider Colm Deasy sold 3,176 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £120,497.44. In the last ninety days, insiders have purchased 4,479 shares of company stock worth $17,624,681. 1.18% of the stock is owned by company 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.