Intertek Group (LON:ITRK) Upgraded by Redburn Partners to “Buy”

Redburn Partners upgraded shares of Intertek Group (LON:ITRK) to a buy rating in a report published on Friday, MarketBeat Ratings reports. They currently have GBX 6,000 ($74.69) price target on the stock.

Other research analysts have also recently issued research reports about the stock. 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 report on Monday, April 15th. Shore Capital restated a hold rating on shares of Intertek Group in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of GBX 4,959.17 ($61.73).

Intertek Group Trading Up 1.2 %

LON ITRK opened at GBX 4,906 ($61.07) on Friday. 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 has a 52 week low of GBX 3,746 ($46.63) and a 52 week high of GBX 5,068 ($63.09). The stock has a market capitalization of £7.92 billion, a PE ratio of 2,680.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.64. The firm has a 50 day moving average of GBX 4,783.06 and a two-hundred day moving average of GBX 4,351.68.

Intertek Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 30th will be given a GBX 74 ($0.92) dividend. This is an increase from Intertek Group’s previous dividend of $37.70. The ex-dividend date is Thursday, May 30th. This represents a yield of 1.6%. Intertek Group’s dividend payout ratio is 6,120.22%.

Insider Activity at Intertek Group

In other news, insider Jeremy (Jez) Maiden acquired 114 shares of the company’s stock in a transaction 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). 0.54% of the stock is owned by insiders.

Intertek Group Company Profile

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.