Intertek Group (LON:ITRK) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Intertek Group's stock recently exceeded its 200-day moving average, indicating a potentially significant movement in its trading pattern.
• Analysts have varied ratings on Intertek Group, with price targets ranging from GBX 4,500 to GBX 5,800 and a consensus rating of "Hold."
• Insider Robin Freestone purchased shares at GBX 4,541, reflecting confidence in the company's prospects amid fluctuating stock performance.

Shares of Intertek Group plc (LON:ITRK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,723.39 ($63.00) and traded as high as GBX 4,914 ($65.54). Intertek Group shares last traded at GBX 4,812 ($64.18), with a volume of 783,160 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on ITRK shares. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Intertek Group in a research note on Thursday, July 17th. Berenberg Bank restated a "buy" rating and issued a GBX 5,700 price target on shares of Intertek Group in a research note on Wednesday, August 6th. Jefferies Financial Group restated a "buy" rating and issued a GBX 5,800 target price on shares of Intertek Group in a research report on Thursday, September 11th. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 5,000 target price on shares of Intertek Group in a research report on Friday, August 1st. Finally, Shore Capital reissued a "hold" rating and set a GBX 4,500 price objective on shares of Intertek Group in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 5,300.

Intertek Group Stock Down 0.3%

The firm's fifty day moving average price is GBX 4,713.87 and its two-hundred day moving average price is GBX 4,723.39. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The stock has a market cap of £7.39 billion, a price-to-earnings ratio of 2,145.86, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

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

Insider Activity at Intertek Group

In other Intertek Group news, insider Robin Freestone bought 2,191 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of GBX 4,541 per share, with a total value of £99,493.31. 1.18% of the stock is currently owned by corporate insiders.

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.

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