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

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 3,874 and last traded at GBX 3,884, with a volume of 64595180 shares. The stock had previously closed at GBX 4,034.

Analyst Ratings Changes

Several equities research analysts have issued reports on ITRK shares. Jefferies Financial Group lowered their price objective on shares of 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. Citigroup reduced their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Intertek Group has an average rating of “Moderate Buy” and an average price target of GBX 5,169.50.

Intertek Group Stock Up 0.2%

The firm has a market capitalization of £5.94 billion, a PE ratio of 17.32, a PEG ratio of 1.99 and a beta of 0.66. The company has a fifty day simple moving average of GBX 4,459.66 and a two-hundred day simple moving average of GBX 4,654.17. The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08.

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

Insider Transactions at Intertek Group

In other Intertek Group news, insider Robin Freestone bought 2,455 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of GBX 4,051 per share, with a total value of £99,452.05. 1.18% of the stock is currently owned by insiders.

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.