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

Key Points

• Intertek Group shares reached a new 52-week high of GBX 5,930, with 94,050 shares traded and a market capitalization of approximately £9.10 billion.
• Analysts remain cautious: the consensus rating is “Hold”, based on one Buy and three Hold ratings, with an average target price of GBX 5,649.25.
• The company reported quarterly EPS of GBX 126.60, a 9.07% net margin and 29.86% return on equity; analysts expect full-year EPS of approximately GBX 263.73.

Intertek Group plc (LON:ITRK - Get Free Report)'s stock price hit a new 52-week high during trading on Monday. The company traded as high as GBX 5,930 and last traded at GBX 5,930, with a volume of 94,050 shares traded. The stock had previously closed at GBX 5,930.

Wall Street Analyst Weigh In

ITRK has been the subject of several recent research reports. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 6,000 price target on shares of Intertek Group in a research report on Wednesday, October 28th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 5,850 price target on shares of Intertek Group in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 5,649.25.

Intertek Group Price Performance

The stock's 50 day simple moving average is GBX 5,878.52 and its 200-day simple moving average is GBX 5,193.12. 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 stock has a market capitalization of £9.10 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.99 and a beta of 0.97.

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 for the quarter. Intertek Group had a net margin of 9.07% and a return on equity of 29.86%. On average, analysts expect that Intertek Group plc will post 263.73 EPS for the current fiscal 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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