Intertek Group (LON:ITRK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Intertek Group plc (LON:ITRK) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,803.21 ($58.44) and traded as high as GBX 4,900 ($59.62). Intertek Group shares last traded at GBX 4,780 ($58.16), with a volume of 835,876 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ITRK. JPMorgan Chase & Co. increased their target price on Intertek Group from GBX 5,400 ($65.70) to GBX 5,500 ($66.92) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Shore Capital raised Intertek Group to a “hold” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,550 ($67.53).

Intertek Group Stock Performance

The firm has a fifty day moving average of GBX 4,682.87 and a 200-day moving average of GBX 4,805.23. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 100.41. The stock has a market capitalization of £8.00 billion, a price-to-earnings ratio of 2,613.22, a PEG ratio of 1.99 and a beta of 0.63.

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.