Intertek Group (LON:ITRK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Intertek Group plc (LON:ITRK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,877.35 ($61.86) and traded as high as GBX 5,270 ($66.84). Intertek Group shares last traded at GBX 5,120 ($64.93), with a volume of 322,514 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Intertek Group from GBX 5,400 ($68.48) to GBX 5,500 ($69.75) and gave the company an “overweight” rating in a report on Thursday, December 5th. Shore Capital upgraded shares of Intertek Group to a “hold” rating in a 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 5,550 ($70.39).

Intertek Group Trading Up 0.7 %

The company’s 50 day simple moving average is GBX 4,964.33 and its 200 day simple moving average is GBX 4,877.35. The firm has a market cap of £8.28 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19.

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.