Intertek Group (LON:ITRK) Upgraded to “Hold” at Shore Capital

Shore Capital upgraded shares of Intertek Group (LON:ITRK) to a hold rating in a report released on Tuesday morning, Marketbeat Ratings reports.

Separately, Berenberg Bank upped their target price on shares of Intertek Group from GBX 5,800 ($74.11) to GBX 6,000 ($76.67) and gave the company a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($72.51).

Intertek Group Stock Performance

Intertek Group stock opened at GBX 4,311.12 ($55.09) on Tuesday. The company has a market cap of £6.92 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. Intertek Group has a 12 month low of GBX 4,176 ($53.36) and a 12 month high of GBX 5,575 ($71.24). The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The stock’s 50-day moving average is GBX 5,037.93 and its 200-day moving average is GBX 4,898.52.

Intertek Group (LON:ITRK) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.10) EPS for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Equities analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current year.

Intertek Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a GBX 102.60 ($1.31) dividend. This is an increase from Intertek Group’s previous dividend of $53.90. This represents a dividend yield of 2.11%. The ex-dividend date is Thursday, May 29th. Intertek Group’s dividend payout ratio (DPR) is presently 66.71%.

Insider Activity

In related news, insider Steven L. Mogford bought 121 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of GBX 4,892 ($62.51) per share, for a total transaction of £5,919.32 ($7,563.66). Also, insider Andre Lacroix sold 39,498 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of GBX 4,994 ($63.81), for a total transaction of £1,972,530.12 ($2,520,483.16). Company insiders own 0.45% of the company’s stock.

About Intertek Group

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life.