Intertek Group (LON:ITRK) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Shares of Intertek crossed above their 200-day moving average
• Analyst coverage is split (three Buy, three Hold) with an average rating of “Moderate Buy” and an average price target of GBX 5,124.50.
• The company has a market cap of £7.37bn, reported quarterly EPS of GBX 255.90 and ROE of 31.07%, but carries high leverage (debt-to-equity 152.20); insiders have been net buyers (4,479 shares purchased over 90 days) and own 1.18%.

Shares of Intertek Group plc (LON:ITRK - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,494.51 and traded as high as GBX 4,811. Intertek Group shares last traded at GBX 4,804, with a volume of 282,685 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ITRK shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 5,030 price objective on shares of Intertek Group in a research report on Thursday, April 16th. Citigroup lowered their price objective on shares of 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. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 4,800 price objective on shares of Intertek Group in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 5,124.50.

Intertek Group Stock Up 1.4%

The company has a debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08. The stock has a market capitalization of £7.37 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The stock's fifty day simple moving average is GBX 4,138.01 and its two-hundred day simple moving average is GBX 4,494.51.

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

Insider Activity

In other Intertek Group news, insider Kawal Preet bought 160 shares of Intertek Group stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of GBX 3,710 per share, with a total value of £5,936. Also, insider Jeremy (Jez) Maiden bought 138 shares of Intertek Group stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of GBX 3,794 per share, for a total transaction of £5,235.72. Over the last ninety days, insiders purchased 4,479 shares of company stock worth $17,624,681. Company 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.

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