Intertek Group (LON:ITRK) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Intertek Group plc (LON:ITRK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,803.21 ($58.79) and traded as high as GBX 4,900 ($59.98). Intertek Group shares last traded at GBX 4,780 ($58.51), with a volume of 835,876 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Shore Capital upgraded shares of Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of Intertek Group from GBX 5,400 ($66.10) to GBX 5,500 ($67.32) and gave the stock an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,550 ($67.93).

Intertek Group Trading Up 0.3 %

The firm’s fifty day moving average price is GBX 4,672.57 and its 200-day moving average price is GBX 4,803.21. The company has a market cap of £7.72 billion, a price-to-earnings ratio of 2,523.16, a P/E/G ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 100.41, a current ratio of 1.27 and a quick ratio of 1.19.

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.