Intertek Group (LON:ITRK) Sets New 52-Week High – Here’s What Happened

Intertek Group plc (LON:ITRK) shares hit a new 52-week high on Monday. The stock traded as high as GBX 5,930 and last traded at GBX 5,930, with a volume of 94,050 shares. The stock had previously closed at GBX 5,930.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ITRK shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, October 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 5,850 price target on shares of Intertek Group in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Intertek Group presently has a consensus rating of “Hold” and a consensus target price of GBX 5,649.25.

Intertek Group Stock Performance

The stock’s 50-day simple moving average is GBX 5,882.22 and its 200 day simple moving average is GBX 5,206.46. The company has a debt-to-equity ratio of 179.40, a quick ratio of 1.19 and a current ratio of 1.10. The company has a market capitalization of £9.12 billion, a PE ratio of 28.96, a P/E/G ratio of 1.99 and a beta of 0.97.

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.