Intertek Group (LON:ITRK) Hits New 12-Month High – Here’s Why

Shares of Intertek Group plc (LON:ITRK) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 5,550 ($71.54) and last traded at GBX 5,535 ($71.35), with a volume of 2269687 shares traded. The stock had previously closed at GBX 5,155 ($66.45).

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Intertek Group from GBX 5,400 ($69.61) to GBX 5,500 ($70.89) and gave the company an “overweight” rating in a report on Thursday, December 5th. Shore Capital raised Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 5,550 ($71.54).

Intertek Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The business’s 50-day simple moving average is GBX 5,017.70 and its two-hundred day simple moving average is GBX 4,890.34. The stock has a market capitalization of £8.44 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK) last posted its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, research 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.