Intertek Group (LON:ITRK) Stock Passes Above 200 Day Moving Average – Time to Sell?

Intertek Group plc (LON:ITRK)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,803.21 ($58.79) and traded as high as GBX 4,900 ($59.98). Intertek Group shares last traded at GBX 4,780 ($58.51), with a volume of 835,876 shares changing hands.

Wall Street Analysts Forecast Growth

ITRK has been the subject of several recent analyst reports. Shore Capital raised Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of Intertek Group from GBX 5,400 ($66.10) to GBX 5,500 ($67.32) and gave the company an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Intertek Group has an average rating of “Moderate Buy” and a consensus target price of GBX 5,550 ($67.93).

Intertek Group Trading Up 0.3 %

The firm has a 50-day moving average price of GBX 4,672.57 and a 200-day moving average price of GBX 4,803.21. The company has a market capitalization of £7.72 billion, a price-to-earnings ratio of 2,523.16, a PEG 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 100.41.

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.