Intertek Group (LON:ITRK) Reaches New 12-Month High – Should You Buy?

Intertek Group plc (LON:ITRK) shares reached a new 52-week high on Monday . The company traded as high as GBX 5,850 and last traded at GBX 5,840, with a volume of 261736 shares. The stock had previously closed at GBX 5,840.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ITRK. 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. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and lifted their target price for the stock from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,030 target price on shares of Intertek Group in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,659.40.

Intertek Group Stock Performance

The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 179.40. The stock has a market cap of £8.97 billion, a P/E ratio of 27.06, a PEG ratio of 1.99 and a beta of 0.97. The stock has a fifty day simple moving average of GBX 5,713.64 and a 200-day simple moving average of GBX 4,896.05.

Intertek Group (LON:ITRK) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 126.60 EPS for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. Equities analysts expect that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

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. 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.