Intertek Group (LON:ITRK) Reaches New 1-Year High – Here’s Why

Intertek Group plc (LON:ITRK) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 5,885 and last traded at GBX 5,885, with a volume of 1745777 shares trading hands. The stock had previously closed at GBX 5,880.

Wall Street Analyst Weigh In

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

Intertek Group Stock Up 0.1%

The business has a 50-day moving average price of GBX 5,850.96 and a 200-day moving average price of GBX 5,343.63. The company has a market capitalization of £9.03 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 179.40.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. As a group, equities analysts anticipate 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.