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Intertek Group (LON:ITRK) Stock Price Passes Above 200 Day Moving Average - Here's Why

Intertek Group logo with Industrials background

Shares of Intertek Group plc (LON:ITRK - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,835.65 ($65.82) and traded as high as GBX 4,852 ($66.04). Intertek Group shares last traded at GBX 4,832 ($65.77), with a volume of 160,825 shares changing hands.

Wall Street Analysts Forecast Growth

ITRK has been the subject of several recent analyst reports. Shore Capital reaffirmed a "hold" rating on shares of Intertek Group in a research note on Thursday, May 22nd. Berenberg Bank dropped their price objective on shares of Intertek Group from GBX 6,000 ($81.67) to GBX 5,700 ($77.58) and set a "buy" rating for the company in a research note on Friday, May 30th.

Read Our Latest Analysis on ITRK

Intertek Group Price Performance

The stock has a market capitalization of £7.78 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. The stock's 50 day moving average price is GBX 4,767.39 and its 200-day moving average price is GBX 4,839.47.

Insider Activity

In related news, insider Robin Freestone bought 2,198 shares of the stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of GBX 4,525 ($61.59) per share, with a total value of £99,459.50 ($135,374.30). Corporate insiders own 0.45% of the company's stock.

About Intertek Group

(Get Free Report)

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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