Intertek Group (LON:ITRK) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Intertek Group plc (LON:ITRK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,810.20 ($59.41) and traded as high as GBX 5,005 ($61.82). Intertek Group shares last traded at GBX 4,955.53 ($61.21), with a volume of 349,972 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ITRK shares. JPMorgan Chase & Co. raised their price target on Intertek Group from GBX 5,400 ($66.70) to GBX 5,500 ($67.93) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Shore Capital upgraded Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,550 ($68.55).

Intertek Group Stock Performance

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 cap of £7.98 billion, a P/E ratio of 2,608.18, a PEG ratio of 1.99 and a beta of 0.63. The business has a 50 day moving average price of GBX 4,709.62 and a 200 day moving average price of GBX 4,810.20.

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.