Intertek Group (LON:ITRK) Reaches New 1-Year Low - Here's Why

Key Points

• Intertek hit a new 52-week low of GBX 3,519.42 on Monday, trading below its 50‑day (GBX 4,331.67) and 200‑day (GBX 4,605.16) moving averages on heavy volume (23,377,740 shares).
• Brokerages have trimmed targets—Jefferies to GBX 4,800 and Citi to GBX 5,717—but the consensus remains a Moderate Buy with an average price target of GBX 5,169.50.
• Insiders bought shares recently at GBX 3,794 and now own 1.18% of the company, while company fundamentals show EPS of GBX 255.90, a P/E of 15.82 and a relatively high debt‑to‑equity ratio of 152.20.

Intertek Group plc (LON:ITRK - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 3,519.42 and last traded at GBX 3,531.12, with a volume of 23377740 shares trading hands. The stock had previously closed at GBX 3,593.57.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ITRK. Jefferies Financial Group cut their target price on Intertek Group from GBX 5,800 to GBX 4,800 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Citigroup lowered their price target on Intertek Group from GBX 5,847 to GBX 5,717 and set a "buy" rating for the company in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Intertek Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 5,169.50.

Intertek Group Price Performance

The stock has a market cap of £5.43 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The company's fifty day moving average is GBX 4,331.67 and its 200 day moving average is GBX 4,605.16.

Intertek Group (LON:ITRK - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, sell-side analysts anticipate that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Steven L. Mogford purchased 156 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of GBX 3,794 per share, for a total transaction of £5,918.64. Also, insider Jeremy (Jez) Maiden acquired 138 shares of the business's stock in a transaction on Friday, March 13th. The stock was bought at an average cost of GBX 3,794 per share, for a total transaction of £5,235.72. Insiders bought 4,479 shares of company stock worth $17,624,681 in the last quarter. Insiders own 1.18% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.