Intertek Group plc (OTCMKTS:IKTSY) Given Consensus Recommendation of “Hold” by Brokerages

Intertek Group plc (OTCMKTS:IKTSY) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages recently issued reports on IKTSY. Morgan Stanley upped their price target on Intertek Group from GBX 4,450 ($55.69) to GBX 4,470 ($55.94) in a report on Tuesday, August 8th. JPMorgan Chase & Co. lowered their price target on Intertek Group from GBX 4,500 ($56.31) to GBX 4,400 ($55.06) in a report on Wednesday, July 12th. Finally, Berenberg Bank began coverage on Intertek Group in a research note on Friday. They issued a “buy” rating for the company.

Intertek Group Price Performance

Shares of IKTSY opened at $52.54 on Friday. The stock has a 50 day moving average price of $53.55 and a 200 day moving average price of $52.43. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.58. Intertek Group has a 52-week low of $39.79 and a 52-week high of $56.77.

Intertek Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 23rd. Stockholders of record on Friday, September 15th will be issued a $0.4303 dividend. The ex-dividend date of this dividend is Thursday, September 14th.

About Intertek Group

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, 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.