Intertek Group (LON:ITRK) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Intertek Group (LON:ITRK – Get Rating) in a research note released on Thursday morning, Marketbeat.com reports. Royal Bank of Canada currently has a GBX 3,900 ($48.51) price objective on the stock.

ITRK has been the subject of a number of other reports. Societe Generale initiated coverage on shares of Intertek Group in a report on Tuesday, February 14th. They set a buy rating for the company. Shore Capital reiterated a hold rating on shares of Intertek Group in a report on Wednesday. Finally, Citigroup upgraded shares of Intertek Group to a buy rating and set a GBX 5,017 ($62.40) price objective for the company in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of GBX 4,283.40 ($53.28).

Intertek Group Trading Up 0.2 %

LON:ITRK opened at GBX 4,226 ($52.56) on Thursday. The company has a current ratio of 0.96, a quick ratio of 1.19 and a debt-to-equity ratio of 104.83. The stock has a market capitalization of £6.82 billion, a price-to-earnings ratio of 2,369.66, a PEG ratio of 2.33 and a beta of 0.60. The firm has a fifty day simple moving average of GBX 4,089.98 and a two-hundred day simple moving average of GBX 4,145.24. Intertek Group has a 12 month low of GBX 3,485 ($43.35) and a 12 month high of GBX 4,757 ($59.17).

Intertek Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be paid a GBX 71.60 ($0.89) dividend. This represents a yield of 1.64%. This is a boost from Intertek Group’s previous dividend of $34.20. The ex-dividend date of this dividend is Thursday, May 25th. Intertek Group’s payout ratio is presently 5,955.06%.

Insider Buying and Selling at Intertek Group

In related news, insider Andrew Martin bought 450 shares of the company’s stock in a transaction on Monday, March 13th. The shares were purchased at an average cost of GBX 4,082 ($50.77) per share, for a total transaction of £18,369 ($22,847.01). Corporate insiders own 0.57% of the company’s stock.

About Intertek Group

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Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.