Intertek Group (LON:ITRK) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Intertek Group plc (LON:ITRK)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,762.62 and traded as low as GBX 4,572. Intertek Group shares last traded at GBX 4,627.07, with a volume of 337,125 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ITRK. Citigroup lifted their target price on Intertek Group from GBX 5,791 to GBX 5,833 and gave the company a “buy” rating in a report on Thursday, November 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,800 price target on shares of Intertek Group in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 5,355.50.

Intertek Group Price Performance

The stock’s fifty day moving average price is GBX 4,733.08 and its two-hundred day moving average price is GBX 4,762.62. The firm has a market capitalization of £7.10 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83.

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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.