Intertek Group (LON:ITRK) Sets New 52-Week High – Time to Buy?

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 5,245 ($65.29) and last traded at GBX 5,205 ($64.79), with a volume of 462443 shares changing hands. The stock had previously closed at GBX 5,100 ($63.48).

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Intertek Group from GBX 5,400 ($67.21) to GBX 5,500 ($68.46) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Shore Capital raised shares of Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,550 ($69.08).

Intertek Group Stock Down 0.3 %

The business’s 50-day moving average price is GBX 4,855.45 and its 200-day moving average price is GBX 4,840.55. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 100.41. The firm has a market capitalization of £8.58 billion, a PE ratio of 2,802.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

About Intertek Group

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.