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

Intertek Group plc (LON:ITRK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,803.21 ($58.44) and traded as high as GBX 4,900 ($59.62). Intertek Group shares last traded at GBX 4,780 ($58.16), with a volume of 835,876 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on ITRK. JPMorgan Chase & Co. lifted their price target on Intertek Group from GBX 5,400 ($65.70) to GBX 5,500 ($66.92) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Shore Capital upgraded Intertek Group to a “hold” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,550 ($67.53).

Intertek Group Stock Performance

The stock has a market capitalization of £8.00 billion, a PE ratio of 2,613.22, a PEG ratio of 1.99 and a beta of 0.63. The business’s 50 day moving average is GBX 4,682.87 and its 200 day moving average is GBX 4,805.23. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 100.41.

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.