Intertek Group (LON:ITRK) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Intertek Group plc (LON:ITRK) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,835.44 ($59.76) and traded as high as GBX 5,121.55 ($63.29). Intertek Group shares last traded at GBX 5,100 ($63.03), with a volume of 1,212,983 shares traded.

Wall Street Analysts Forecast Growth

ITRK has been the subject of a number of research analyst reports. Shore Capital upgraded Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on Intertek Group from GBX 5,400 ($66.73) to GBX 5,500 ($67.97) and gave the stock an “overweight” rating in a research note 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,550 ($68.59).

Intertek Group Price Performance

The stock has a 50 day simple moving average of GBX 4,836.24 and a two-hundred day simple moving average of GBX 4,835.44. The firm has a market cap of £8.41 billion, a PE ratio of 2,747.37, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27.

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.