Intertek Group (LON:ITRK) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Intertek Group plc (LON:ITRK)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,822.79 ($59.77) and traded as high as GBX 5,125 ($63.51). Intertek Group shares last traded at GBX 5,110 ($63.33), with a volume of 1,524,814 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on ITRK. Shore Capital raised shares of Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on shares of Intertek Group from GBX 5,400 ($66.92) to GBX 5,500 ($68.16) and gave the company an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,550 ($68.78).

Intertek Group Stock Performance

The firm has a market capitalization of £8.23 billion, a price-to-earnings ratio of 2,689.47, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27. The firm’s 50-day moving average price is GBX 4,773.89 and its two-hundred day moving average price is GBX 4,822.79.

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.