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

Intertek Group plc (LON:ITRK) reached a new 52-week high during mid-day trading on Tuesday . The stock 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).

Wall Street Analyst Weigh In

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

Intertek Group Stock Up 5.8 %

The stock’s 50-day moving average price is GBX 4,992.52 and its two-hundred day moving average price is GBX 4,881.01. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The stock has a market capitalization of £8.76 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK) last released its 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%. As a group, research analysts expect that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

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.