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

Shares of Intertek Group plc (LON:ITRK) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 4,751 ($59.14).

Several equities research analysts have recently issued reports on the company. BNP Paribas raised Intertek Group to an “outperform” rating and set a GBX 5,000 ($62.24) price objective for the company in a research note on Wednesday, December 20th. Shore Capital reaffirmed a “hold” rating on shares of Intertek Group in a research note on Thursday, December 21st. Finally, Berenberg Bank raised their price objective on Intertek Group from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) and gave the company a “buy” rating in a research note on Monday.

Insider Transactions at Intertek Group

In other Intertek Group news, insider Jeremy (Jez) Maiden acquired 114 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price 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.

Intertek Group Price Performance

Shares of Intertek Group stock opened at GBX 4,840 ($60.25) on Monday. The stock has a 50 day moving average of GBX 4,765.96 and a 200 day moving average of GBX 4,342.46. Intertek Group has a 12 month low of GBX 3,746 ($46.63) and a 12 month high of GBX 5,068 ($63.09). The firm has a market cap of £7.81 billion, a PE ratio of 2,644.81, a PEG ratio of 2.10 and a beta of 0.64. The company has a current ratio of 1.09, a quick ratio of 1.19 and a debt-to-equity ratio of 89.53.

Intertek Group Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from Intertek Group’s previous dividend of $37.70. This represents a dividend yield of 1.6%. Intertek Group’s dividend payout ratio (DPR) is currently 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.