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 Monday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ITRK. Shore Capital raised Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Intertek Group from GBX 5,400 ($66.73) to GBX 5,500 ($67.97) and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,550 ($68.59).

Intertek Group Stock Performance

The firm has a fifty day moving average price of GBX 4,836.24 and a 200 day moving average price of GBX 4,835.44. The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27. The stock 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.

Intertek Group Company Profile

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.