Intertek Group (LON:ITRK) Shares Pass Above 200 Day Moving Average - Time to Sell?

Shares of Intertek Group plc (LON:ITRK - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,722.87 ($63.15) and traded as high as GBX 4,942 ($66.08). Intertek Group shares last traded at GBX 4,930 ($65.92), with a volume of 244,774 shares trading hands.

Analyst Upgrades and Downgrades

ITRK has been the subject of a number of analyst reports. Shore Capital reaffirmed a "hold" rating and set a GBX 4,500 price objective on shares of Intertek Group in a research report on Friday, August 1st. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 5,000 target price on shares of Intertek Group in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 5,300 target price on shares of Intertek Group in a report on Monday, August 4th. JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Intertek Group in a report on Thursday, July 17th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 5,800 target price on shares of Intertek Group in a report on Thursday, September 11th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 5,300.

Intertek Group Trading Up 0.0%

The stock has a market capitalization of £7.60 billion, a PE ratio of 22.07, a P/E/G 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 103.83. The stock has a 50 day moving average price of GBX 4,735.53 and a 200-day moving average price of GBX 4,722.87.

Intertek Group (LON:ITRK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported GBX 112.50 earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. Sell-side analysts expect that Intertek Group plc will post 263.7305699 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robin Freestone bought 2,191 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of GBX 4,541 per share, for a total transaction of £99,493.31. Company insiders own 1.18% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.