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

Intertek Group plc (LON:ITRK - Get Free Report) has been given an average recommendation of "Hold" by the six ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 4,751 ($59.14).

ITRK has been the topic of several research reports. 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 report on Wednesday, December 20th. Shore Capital reissued a "hold" rating on shares of Intertek Group in a research report on Thursday, December 21st. Finally, Berenberg Bank boosted their price target on shares of Intertek Group from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) and gave the stock a "buy" rating in a research report on Monday.

Insider Activity

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

Intertek Group Stock Up 1.2 %

Shares of LON:ITRK traded up GBX 56 ($0.70) during midday trading on Monday, reaching GBX 4,860 ($60.50). 233,086 shares of the company were exchanged, compared to its average volume of 307,776. The firm has a market cap of £7.84 billion, a PE ratio of 2,655.74, a P/E/G ratio of 2.10 and a beta of 0.64. Intertek Group has a fifty-two week low of GBX 3,746 ($46.63) and a fifty-two week high of GBX 5,068 ($63.09). The stock has a fifty day simple moving average of GBX 4,741.76 and a two-hundred day simple moving average of GBX 4,328.12. 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 announced a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 30th will be issued a GBX 74 ($0.92) dividend. This represents a dividend yield of 1.6%. This is a boost from Intertek Group's previous dividend of $37.70. The ex-dividend date of this dividend is Thursday, May 30th. Intertek Group's dividend payout ratio is presently 6,120.22%.

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.