Intertek Group (OTCMKTS:IKTSY) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Intertek Group plc (OTCMKTS:IKTSYGet Free Report)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $60.60 and traded as low as $59.53. Intertek Group shares last traded at $60.18, with a volume of 1,675 shares traded.

Analysts Set New Price Targets

Several analysts have commented on IKTSY shares. The Goldman Sachs Group upgraded Intertek Group to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada lowered Intertek Group from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 21st.

Read Our Latest Stock Analysis on Intertek Group

Intertek Group Stock Down 1.3 %

The firm’s 50 day simple moving average is $60.34 and its 200 day simple moving average is $62.31.

Intertek Group Company Profile

(Get Free Report)

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.

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