Intertek Group (LON:ITRK) Sets New 12-Month High – Here’s Why

Intertek Group plc (LON:ITRK)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5,860 and last traded at GBX 5,855, with a volume of 249705 shares. The stock had previously closed at GBX 5,850.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 5,850 target price on shares of Intertek Group in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 5,649.25.

Intertek Group Stock Performance

The company has a market capitalization of £8.99 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The stock’s fifty day simple moving average is GBX 5,834.80 and its 200-day simple moving average is GBX 5,152.69. The company has a current ratio of 1.10, a quick ratio of 1.19 and a debt-to-equity ratio of 179.40.

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