Intertek Group (LON:ITRK) Shares Cross Above 200-Day Moving Average of $4,034.37

Intertek Group plc (LON:ITRKGet Rating)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,034.37 ($49.95) and traded as high as GBX 4,305 ($53.30). Intertek Group shares last traded at GBX 4,283 ($53.03), with a volume of 147,480 shares.

Analyst Ratings Changes

ITRK has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 3,600 ($44.57) price target on shares of Intertek Group in a report on Friday, November 25th. Shore Capital reiterated a “hold” rating on shares of Intertek Group in a report on Thursday, January 5th. Citigroup upgraded shares of Intertek Group to a “buy” rating in a report on Friday, November 25th. Barclays decreased their price objective on Intertek Group from GBX 4,800 ($59.43) to GBX 4,400 ($54.48) and set an “underweight” rating for the company in a report on Friday, November 25th. Finally, JPMorgan Chase & Co. dropped their target price on Intertek Group from GBX 4,700 ($58.19) to GBX 4,500 ($55.71) and set a “neutral” rating on the stock in a research note on Friday, November 25th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 4,910.29 ($60.79).

Intertek Group Stock Up 0.2 %

The stock has a market cap of £6.92 billion and a PE ratio of 2,340.44. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 118.86. The business has a 50-day moving average price of GBX 4,094.16 and a 200-day moving average price of GBX 4,034.37.

Intertek Group Company Profile

(Get Rating)

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.

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