Intertek Group (LON:ITRK) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Intertek Group plc (LON:ITRK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,803.21 ($58.44) and traded as high as GBX 4,900 ($59.62). Intertek Group shares last traded at GBX 4,780 ($58.16), with a volume of 835,876 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ITRK. Shore Capital raised shares of Intertek Group to a “hold” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Intertek Group from GBX 5,400 ($65.70) to GBX 5,500 ($66.92) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 5,550 ($67.53).

Intertek Group Trading Up 1.3 %

The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27. The company has a market capitalization of £8.00 billion, a PE ratio of 2,613.22, a PEG ratio of 1.99 and a beta of 0.63. The stock has a fifty day moving average of GBX 4,682.87 and a 200 day moving average of GBX 4,805.23.

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.