Intertek Group (LON:ITRK) Price Target Increased to GBX 5,400 by Analysts at Berenberg Bank

Intertek Group (LON:ITRK - Free Report) had its price target raised by Berenberg Bank from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

ITRK has been the subject of a number of other research reports. BNP Paribas upgraded Intertek Group to an outperform rating and set a GBX 5,000 ($62.24) price objective for the company in a report on Wednesday, December 20th. Shore Capital reiterated a hold rating on shares of Intertek Group in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Intertek Group currently has an average rating of Hold and an average target price of GBX 4,751 ($59.14).

Intertek Group Trading Up 1.2 %

Shares of Intertek Group stock traded up GBX 56 ($0.70) during midday trading on Monday, reaching GBX 4,860 ($60.50). 233,086 shares of the company's stock traded hands, compared to its average volume of 307,776. The stock has a 50 day moving average of GBX 4,741.76 and a 200-day moving average of GBX 4,328.12. The company has a debt-to-equity ratio of 89.53, a quick ratio of 1.19 and a current ratio of 1.09. The company has a market cap of £7.84 billion, a PE ratio of 2,655.74, a price-to-earnings-growth 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).

Intertek Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 30th will be paid a GBX 74 ($0.92) dividend. This is a boost from Intertek Group's previous dividend of $37.70. This represents a dividend yield of 1.6%. The ex-dividend date is Thursday, May 30th. Intertek Group's dividend payout ratio is currently 6,120.22%.

Insider Transactions at Intertek Group

In other Intertek Group news, insider Jeremy (Jez) Maiden acquired 114 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of GBX 5,032 ($62.64) per share, with a total value of £5,736.48 ($7,141.14). Insiders own 0.54% of the company's stock.

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.