Intertek Group (LON:ITRK) Reaches New 52-Week High – Still a Buy?

Intertek Group plc (LON:ITRK) reached a new 52-week high on Thursday . The company traded as high as GBX 5,820 and last traded at GBX 5,815, with a volume of 284859 shares traded. The stock had previously closed at GBX 5,810.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research 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 research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,030 target price on shares of Intertek Group in a report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,466.17.

Intertek Group Stock Performance

The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. The company has a market cap of £8.92 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.99 and a beta of 0.97. The firm has a 50 day simple moving average of GBX 5,498.81 and a 200-day simple moving average of GBX 4,736.41.

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.