Intertek Group (LON:ITRK) Sets New 1-Year High – What’s Next?

Intertek Group plc (LON:ITRK) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 5,550 ($70.53) and last traded at GBX 5,535 ($70.34), with a volume of 2269687 shares. The stock had previously closed at GBX 5,155 ($65.51).

Analysts Set New Price Targets

A number of research firms have weighed in on ITRK. Shore Capital raised Intertek Group to a “hold” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on shares of Intertek Group from GBX 5,400 ($68.62) to GBX 5,500 ($69.89) and gave the company an “overweight” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Intertek Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,550 ($70.53).

Intertek Group Stock Up 5.8 %

The company has a 50 day moving average of GBX 4,992.52 and a 200-day moving average of GBX 4,881.01. 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 company has a market cap of £8.76 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.08) earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. On average, equities analysts predict that Intertek Group plc will post 263.7305699 earnings per share 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.