Intertek Group (LON:ITRK) Sets New 1-Year High – Time to Buy?

Intertek Group plc (LON:ITRKGet Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 5,820 and last traded at GBX 5,810.49, with a volume of 448504 shares. The stock had previously closed at GBX 5,815.

Analyst Upgrades and Downgrades

ITRK has been the subject of a number of research reports. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and increased their target price for the stock from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,030 price target on shares of Intertek Group in a report on Thursday, April 16th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,000 price objective on shares of Intertek Group in a research report on Wednesday, May 13th. Finally, Citigroup dropped their price objective on shares of 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 assigned a Hold rating to the stock. According to MarketBeat, Intertek Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,466.17.

Check Out Our Latest Analysis on Intertek Group

Intertek Group Stock Down 0.1%

The firm has a 50-day simple moving average of GBX 5,421.27 and a 200 day simple moving average of GBX 4,700.85. The stock has a market capitalization of £8.92 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.99 and a beta of 0.97. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19.

Intertek Group Company Profile

(Get Free Report)

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.

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