Intertek Group (LON:ITRK) Reaches New 12-Month High - What's Next?

Key Points

• Intertek Group shares reached a new 52-week high, trading as high as GBX 5,925 and last quoted at GBX 5,920, with more than 533,000 shares changing hands.
• Analyst sentiment remains positive overall: the stock has a consensus “Moderate Buy” rating, although RBC maintained a “Sector Perform” rating with a GBX 5,850 target. The consensus price target is GBX 5,649.25.
• Intertek reported quarterly EPS of GBX 126.60, alongside a 29.86% return on equity and 9.07% net margin. Analysts expect full-year EPS of approximately GBX 263.73.

Intertek Group plc (LON:ITRK - Get Free Report) shares reached a new 52-week high on Monday. The stock traded as high as GBX 5,925 and last traded at GBX 5,920, with a volume of 533,143 shares traded. The stock had previously closed at GBX 5,925.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 5,850 price target on shares of Intertek Group in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,649.25.

Intertek Group Stock Performance

The company has a debt-to-equity ratio of 179.40, a current ratio of 1.10 and a quick ratio of 1.19. The business has a 50-day simple moving average of GBX 5,871.26 and a 200 day simple moving average of GBX 5,579.68. The firm has a market cap of £9.09 billion, a PE ratio of 28.86, a PEG ratio of 1.99 and a beta of 0.97.

Intertek Group (LON:ITRK - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 126.60 EPS for the quarter. Intertek Group had a return on equity of 29.86% and a net margin of 9.07%. Equities research analysts forecast that Intertek Group plc will post 263.73 EPS for the current year.

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. 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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