Intertek Group (LON:ITRK) Sets New 1-Year High – What’s Next?

Intertek Group plc (LON:ITRK) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 5,790 and last traded at GBX 5,760, with a volume of 906224 shares traded. The stock had previously closed at GBX 5,720.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ITRK. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a report on Thursday, April 16th. Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and upped their price objective for the stock from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Finally, Citigroup decreased their price objective on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Intertek Group presently has an average rating of “Moderate Buy” and an average price target of GBX 5,466.17.

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 company’s 50 day moving average is GBX 5,085.13 and its 200-day moving average is GBX 4,602.51. The company has a market capitalization of £8.83 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

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.