Intertek Group (LON:ITRK) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Intertek Group plc (LON:ITRK)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,810.71 ($60.20) and traded as low as GBX 4,642 ($58.09). Intertek Group shares last traded at GBX 4,654 ($58.24), with a volume of 96,844 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Intertek Group from GBX 5,400 ($67.58) to GBX 5,500 ($68.83) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Shore Capital upgraded 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’s stock. According to data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,550 ($69.45).

Intertek Group Stock Performance

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 firm has a market capitalization of £7.62 billion, a PE ratio of 2,488.42, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The firm’s 50 day moving average price is GBX 4,690.86 and its 200-day moving average price is GBX 4,810.30.

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.