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

Shares of Intertek Group plc (LON:ITRK - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,803.21 ($58.79) and traded as high as GBX 4,900 ($59.98). Intertek Group shares last traded at GBX 4,780 ($58.51), with a volume of 835,876 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Intertek Group from GBX 5,400 ($66.10) to GBX 5,500 ($67.32) and gave the stock an "overweight" rating in a report on Thursday, December 5th. Shore Capital raised shares of Intertek Group to a "hold" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Intertek Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 5,550 ($67.93).

Intertek Group Stock Performance

The company's 50-day moving average is GBX 4,672.57 and its two-hundred day moving average is GBX 4,803.21. The company has a market capitalization of £7.91 billion, a P/E ratio of 2,584.21, a PEG ratio of 1.99 and a beta of 0.63. 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

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.