Intertek Group (LON:ITRK) Stock Price Passes Above 200 Day Moving Average – What’s Next?

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 ($60.06) and traded as high as GBX 5,005 ($62.49). Intertek Group shares last traded at GBX 4,955.53 ($61.87), with a volume of 349,972 shares.

Analyst Ratings Changes

ITRK has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Intertek Group from GBX 5,400 ($67.42) to GBX 5,500 ($68.67) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Shore Capital raised Intertek Group to a “hold” rating in a research 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. According to data from MarketBeat.com, Intertek Group has an average rating of “Moderate Buy” and an average target price of GBX 5,550 ($69.30).

Intertek Group Stock Performance

The stock has a 50-day moving average of GBX 4,727.19 and a 200 day moving average of GBX 4,814.10. The company has a debt-to-equity ratio of 100.41, a current ratio of 1.27 and a quick ratio of 1.19. The stock has a market capitalization of £8.13 billion, a price-to-earnings ratio of 2,655.26, a price-to-earnings-growth 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.