Intertek Group (LON:ITRK) Hits New 12-Month High – Should You Buy?

Intertek Group plc (LON:ITRK) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5,860 and last traded at GBX 5,860, with a volume of 518977 shares traded. The stock had previously closed at GBX 5,845.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 6,000 price target on shares of Intertek Group in a research note on Wednesday, May 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 5,850 price objective 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,649.25.

Intertek Group Trading Up 0.3%

The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 179.40. The firm has a 50 day moving average price of GBX 5,830.37 and a 200 day moving average price of GBX 5,104.72. The stock has a market capitalization of £8.99 billion, a PE ratio of 28.57, a P/E/G ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK) last announced its earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. Equities analysts expect that Intertek Group plc will post 263.7305699 EPS 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.