Intertek Group plc (LON:ITRK) Receives GBX 4,751 Average PT from Analysts

Shares of Intertek Group plc (LON:ITRK) have received an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 4,751 ($59.14).

Several analysts have recently commented on the stock. Berenberg Bank increased their price target on shares of Intertek Group from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) and gave the company a “buy” rating in a research report on Monday. Shore Capital reissued a “hold” rating on shares of Intertek Group in a research note on Thursday, December 21st. Finally, BNP Paribas raised shares of Intertek Group to an “outperform” rating and set a GBX 5,000 ($62.24) price objective on the stock in a research note on Wednesday, December 20th.

Intertek Group Stock Up 0.2 %

ITRK stock opened at GBX 4,840 ($60.25) on Monday. The company’s 50 day simple moving average is GBX 4,765.96 and its 200-day simple moving average is GBX 4,342.46. The firm has a market capitalization of £7.81 billion, a PE ratio of 2,644.81, a P/E/G ratio of 2.10 and a beta of 0.64. Intertek Group has a 12 month low of GBX 3,746 ($46.63) and a 12 month high of GBX 5,068 ($63.09). The company has a debt-to-equity ratio of 89.53, a current ratio of 1.09 and a quick ratio of 1.19.

Intertek Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 74 ($0.92) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.6%. This is an increase from Intertek Group’s previous dividend of $37.70. Intertek Group’s dividend payout ratio (DPR) is currently 6,120.22%.

Insiders Place Their Bets

In related news, insider Jeremy (Jez) Maiden purchased 114 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of GBX 5,032 ($62.64) per share, with a total value of £5,736.48 ($7,141.14). 0.54% of the stock is currently owned by insiders.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.