Intertek Group plc (LON:ITRK - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,306.19 ($54.50) and traded as high as GBX 4,858 ($61.49). Intertek Group shares last traded at GBX 4,828 ($61.11), with a volume of 206,116 shares changing hands.
Analysts Set New Price Targets
Several brokerages recently issued reports on ITRK. BNP Paribas upgraded shares of Intertek Group to an "outperform" rating and set a GBX 5,000 ($63.28) price objective on the stock in a report on Wednesday, December 20th. Shore Capital reaffirmed a "hold" rating on shares of Intertek Group in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 4,651 ($58.87).
Check Out Our Latest Stock Report on Intertek Group
Intertek Group Stock Performance
The company has a market capitalization of £7.84 billion, a price-to-earnings ratio of 2,653.55, a P/E/G ratio of 2.10 and a beta of 0.64. 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 firm has a 50-day simple moving average of GBX 4,720.30 and a two-hundred day simple moving average of GBX 4,311.65.
Intertek Group Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 30th will be given a GBX 74 ($0.94) dividend. This is an increase from Intertek Group's previous dividend of $37.70. This represents a yield of 1.6%. The ex-dividend date is Thursday, May 30th. Intertek Group's payout ratio is currently 6,120.22%.
Insider Transactions at Intertek Group
In related news, insider Jeremy (Jez) Maiden acquired 114 shares of the stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of GBX 5,032 ($63.69) per share, with a total value of £5,736.48 ($7,260.45). Corporate insiders own 0.54% of the company's stock.
About Intertek Group
(
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Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.
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