Intertek Group (LON:ITRK) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Intertek Group plc surpassed its 200-day moving average, reaching a trading high of GBX 4,928 ($66.23).
• Several analysts have recently adjusted their ratings, with Berenberg Bank lowering the target price from GBX 6,000 ($80.63) to GBX 5,700 ($76.60) while maintaining a "buy" rating.
• The company has a market capitalization of £7.89 billion and a current ratio of 1.27, indicating solid financial health.

Intertek Group plc (LON:ITRK - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,854.29 ($65.23) and traded as high as GBX 4,928 ($66.22). Intertek Group shares last traded at GBX 4,900.25 ($65.85), with a volume of 329,235 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on ITRK shares. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 5,000 ($67.19) target price on shares of Intertek Group in a research note on Friday, July 11th. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Intertek Group in a research note on Thursday, July 17th. Berenberg Bank lowered their price objective on Intertek Group from GBX 6,000 ($80.62) to GBX 5,700 ($76.59) and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Shore Capital reaffirmed a "hold" rating on shares of Intertek Group in a research note on Thursday, May 22nd.

Intertek Group Price Performance

The firm has a market cap of £7.90 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.99 and a beta of 0.63. The business's 50-day simple moving average is GBX 4,804.30 and its two-hundred day simple moving average is GBX 4,856.30. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83.

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.