Intertek Group (LON:ITRK) Shares Pass Above 200-Day Moving Average - Time to Sell?

Intertek Group logo with Industrials background

Intertek Group plc (LON:ITRK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,822.79 ($60.19) and traded as high as GBX 5,125 ($63.97). Intertek Group shares last traded at GBX 5,110 ($63.78), with a volume of 1,524,814 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ITRK. Shore Capital raised shares of Intertek Group to a "hold" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on shares of Intertek Group from GBX 5,400 ($67.40) to GBX 5,500 ($68.65) and gave the stock an "overweight" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Intertek Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,550 ($69.27).

Read Our Latest Analysis on ITRK

Intertek Group Trading Down 0.1 %

The firm has a market cap of £8.15 billion, a price-to-earnings ratio of 2,660.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The business has a 50 day moving average of GBX 4,799.49 and a 200 day moving average of GBX 4,827.32. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 100.41.

About Intertek Group

(Get Free Report)

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.

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