Intertek Group (LON:ITRK) Sets New 52-Week High – Time to Buy?

Intertek Group plc (LON:ITRK) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 5,245 ($65.29) and last traded at GBX 5,205 ($64.79), with a volume of 462443 shares trading hands. The stock had previously closed at GBX 5,100 ($63.48).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ITRK. JPMorgan Chase & Co. raised their price objective on shares of Intertek Group from GBX 5,400 ($67.21) to GBX 5,500 ($68.46) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Shore Capital raised shares of Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 5,550 ($69.08).

Intertek Group Stock Performance

The company has a debt-to-equity ratio of 100.41, a current ratio of 1.27 and a quick ratio of 1.19. The firm has a fifty day simple moving average of GBX 4,855.45 and a 200 day simple moving average of GBX 4,840.55. The company has a market cap of £8.58 billion, a price-to-earnings ratio of 2,802.63, a P/E/G ratio of 1.99 and a beta of 0.63.

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.