Intertek Group (LON:ITRK) Stock Passes Above 200-Day Moving Average of $4,638.22

Intertek Group plc (LON:ITRK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,638.22 ($58.94) and traded as high as GBX 4,804 ($61.04). Intertek Group shares last traded at GBX 4,742 ($60.25), with a volume of 222,620 shares.

Wall Street Analysts Forecast Growth

ITRK has been the topic of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 5,200 ($66.07) price target on shares of Intertek Group in a report on Tuesday, May 28th. Berenberg Bank boosted their target price on Intertek Group from GBX 4,900 ($62.26) to GBX 5,400 ($68.61) and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($76.24) price target on the stock in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,331 ($67.74).

Intertek Group Trading Up 0.4 %

The company has a debt-to-equity ratio of 89.53, a quick ratio of 1.19 and a current ratio of 1.09. The company’s 50 day moving average price is GBX 4,898.12 and its 200 day moving average price is GBX 4,638.22. The company has a market cap of £7.67 billion, a price-to-earnings ratio of 2,577.17, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.