Intertek Group (LON:ITRK) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Intertek Group plc (LON:ITRK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted 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 note on Thursday, December 5th. Shore Capital upgraded shares of Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,550 ($67.93).

Intertek Group Stock Up 0.3 %

The business 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 stock has a market cap of £7.72 billion, a PE ratio of 2,523.16, 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 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.