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

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week high during trading on Monday . The company traded as high as GBX 5,850 and last traded at GBX 5,840, with a volume of 261736 shares trading hands. The stock had previously closed at GBX 5,840.

Wall Street Analyst Weigh In

ITRK has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,030 target price on shares of Intertek Group in a report on Thursday, April 16th. Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and boosted their price target for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,659.40.

Intertek Group Trading Up 0.1%

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 stock has a market cap of £8.97 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.99 and a beta of 0.97. The stock has a 50-day moving average price of GBX 5,699.84 and a 200-day moving average price of GBX 4,878.65.

Intertek Group (LON:ITRK) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 126.60 earnings per share for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. On average, equities research analysts expect that Intertek Group plc will post 263.7305699 EPS for the current year.

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.