Intertek Group (LON:ITRK) Shares Pass Above 200 Day Moving Average – Should You Sell?

Intertek Group plc (LON:ITRK) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,826.95 and traded as high as GBX 5,830. Intertek Group shares last traded at GBX 5,815, with a volume of 2,791,722 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ITRK shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research report on Thursday, April 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and lifted their target price for the stock from GBX 4,475 to GBX 5,850 in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,466.17.

Intertek Group Stock Performance

The company has a market cap of £8.93 billion, a PE ratio of 26.92, a PEG ratio of 1.99 and a beta of 0.97. The company has a current ratio of 1.08, a quick ratio of 1.19 and a debt-to-equity ratio of 152.20. The stock has a 50 day moving average price of GBX 5,662.14 and a 200 day moving average price of GBX 4,826.95.

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.