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

Key Points

• Intertek Group shares crossed above their 200-day moving average, reaching GBX 5,845 and last trading at GBX 5,840 on significant volume. The 200-day average was GBX 4,959.05.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of GBX 5,649.25. Targets range from GBX 5,030 from Deutsche Bank to GBX 6,000 from Jefferies.
• The company reported quarterly EPS of GBX 126.60, with a 29.86% return on equity and a 9.07% net margin; analysts forecast full-year EPS of approximately GBX 263.73.

Intertek Group plc (LON:ITRK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,959.05 and traded as high as GBX 5,845. Intertek Group shares last traded at GBX 5,840, with a volume of 2,643,135 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ITRK. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 5,030 price target on shares of Intertek Group in a research report on Thursday, April 16th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 6,000 target price on shares of Intertek Group in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 5,850 target price on shares of Intertek Group in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 5,649.25.

Intertek Group Stock Performance

The firm has a 50 day moving average of GBX 5,778.54 and a two-hundred day moving average of GBX 4,959.05. The stock has a market cap of £8.96 billion, a PE ratio of 28.47, a PEG ratio of 1.99 and a beta of 0.97. The company has a debt-to-equity ratio of 179.40, a current ratio of 1.10 and a quick ratio of 1.19.

Intertek Group (LON:ITRK - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 126.60 earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. Research analysts predict that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

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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