Intertek Group (LON:ITRK) Shares Cross Above 200 Day Moving Average of $4,387.96

Intertek Group plc (LON:ITRK) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,387.96 ($55.12) and traded as high as GBX 4,986 ($62.63). Intertek Group shares last traded at GBX 4,936 ($62.00), with a volume of 175,975 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($75.37) price target for the company in a report on Friday, April 19th. Berenberg Bank raised their price target on Intertek Group from GBX 4,900 ($61.55) to GBX 5,400 ($67.83) and gave the company a “buy” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 4,959.17 ($62.29).

Intertek Group Stock Performance

The firm has a fifty day moving average of GBX 4,850.68 and a 200-day moving average of GBX 4,387.96. The stock has a market capitalization of £7.97 billion, a price-to-earnings ratio of 2,697.27, a PEG ratio of 2.10 and a beta of 0.64. The company has a quick ratio of 1.19, a current ratio of 1.09 and a debt-to-equity ratio of 89.53.

Intertek Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 30th will be issued a dividend of GBX 74 ($0.93) per share. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from Intertek Group’s previous dividend of $37.70. This represents a yield of 1.6%. Intertek Group’s payout ratio is currently 6,120.22%.

Insider Buying and Selling

In other news, insider Jeremy (Jez) Maiden acquired 114 shares of Intertek Group stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of GBX 5,032 ($63.21) per share, with a total value of £5,736.48 ($7,205.73). 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.