Intertek Group (LON:ITRK) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Intertek Group plc (LON:ITRK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,546.77 and traded as high as GBX 5,390. Intertek Group shares last traded at GBX 5,310, with a volume of 1,048,321 shares.

Analyst Ratings Changes

ITRK has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 price target on shares of Intertek Group in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,030 price target on shares of Intertek Group in a research note on Thursday, April 16th. Royal Bank Of Canada upgraded Intertek Group to an “outperform” rating and increased their price target for the stock from GBX 4,475 to GBX 5,850 in a research note on Tuesday, May 5th. Finally, Citigroup cut their price target on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 5,466.17.

Intertek Group Stock Performance

The business’s fifty day simple moving average is GBX 4,780.54 and its 200-day simple moving average is GBX 4,556.52. The company has a market capitalization of £8.37 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.99 and a beta of 0.93. 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 released its earnings results on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. As a group, equities analysts anticipate that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intertek Group news, insider Colm Deasy sold 3,176 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total value of £120,497.44. Also, insider Graham Allan bought 156 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of GBX 3,794 per share, for a total transaction of £5,918.64. Over the last three months, insiders purchased 2,024 shares of company stock worth $7,679,476. 1.18% of the stock is owned by company insiders.

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.