Intertek Group (LON:ITRK) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Shares of Intertek Group plc (LON:ITRK - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,810.22 ($65.09) and traded as high as GBX 4,942 ($66.87). Intertek Group shares last traded at GBX 4,942 ($66.87), with a volume of 275,469 shares trading hands.

Wall Street Analyst Weigh In

ITRK has been the topic of a number of recent research reports. Berenberg Bank raised their price objective on Intertek Group from GBX 5,800 ($78.48) to GBX 6,000 ($81.19) and gave the company a "buy" rating in a research report on Wednesday, March 5th. Shore Capital reaffirmed a "hold" rating on shares of Intertek Group in a research report on Thursday.

Intertek Group Stock Up 0.0%

The stock has a market capitalization of £7.64 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. 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 business's fifty day moving average price is GBX 4,689.09 and its two-hundred day moving average price is GBX 4,814.57.

Intertek Group (LON:ITRK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.28) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, equities research analysts forecast that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Intertek Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of GBX 102.60 ($1.39) per share. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase from Intertek Group's previous dividend of $53.90. This represents a yield of 2.11%. Intertek Group's payout ratio is currently 66.71%.

Insider Activity at Intertek Group

In related news, insider Robin Freestone purchased 2,198 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of GBX 4,525 ($61.23) per share, with a total value of £99,459.50 ($134,586.60). Also, insider Andre Lacroix sold 39,498 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of GBX 4,994 ($67.58), for a total transaction of £1,972,530.12 ($2,669,188.25). 0.45% of the stock is currently owned by insiders.

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.