Intertek Group (LON:ITRK) Shares Pass Above 200-Day Moving Average of $4,703.12

Intertek Group plc (LON:ITRKGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,703.12 ($60.24) and traded as high as GBX 4,788 ($61.33). Intertek Group shares last traded at GBX 4,772 ($61.12), with a volume of 169,323 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ITRK shares. Redburn Partners upgraded Intertek Group to a “buy” rating and set a GBX 6,000 ($76.85) target price for the company in a research note on Friday, April 19th. Berenberg Bank raised their target price on Intertek Group from GBX 4,900 ($62.76) to GBX 5,400 ($69.17) and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 5,200 ($66.61) target price on shares of Intertek Group in a research note on Tuesday, May 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,331 ($68.28).

Read Our Latest Report on ITRK

Intertek Group Trading Up 0.2 %

The firm has a market cap of £7.70 billion, a P/E ratio of 2,593.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64. The stock has a fifty day simple moving average of GBX 4,861.32 and a 200 day simple moving average of GBX 4,703.12. The company has a debt-to-equity ratio of 89.53, a quick ratio of 1.19 and a current ratio of 1.09.

About Intertek Group

(Get Free Report)

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.

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