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:ITRKGet Rating) in a research note released on Thursday morning, 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, 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

(Get Rating)

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.

Further Reading

Analyst Recommendations for Intertek Group (LON:ITRK)

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