Intertek Group’s (ITRK) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Intertek Group (LON:ITRK – Get Rating) in a research note issued to investors on Thursday morning, Marketbeat reports. Royal Bank of Canada currently has a GBX 3,900 ($48.51) target price on the stock.

ITRK has been the subject of a number of other reports. Societe Generale initiated coverage on shares of Intertek Group in a research report on Tuesday, February 14th. They set a buy rating for the company. Citigroup raised shares of Intertek Group to a buy rating and set a GBX 5,017 ($62.40) price target for the company in a research report on Tuesday, May 9th. Finally, Shore Capital reissued a hold rating on shares of Intertek Group in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Intertek Group has an average rating of Hold and an average target price of GBX 4,283.40 ($53.28).

Intertek Group Trading Up 0.2 %

LON:ITRK opened at GBX 4,226 ($52.56) on Thursday. The company has a 50-day moving average price of GBX 4,089.98 and a 200-day moving average price of GBX 4,145.24. Intertek Group has a 12 month low of GBX 3,485 ($43.35) and a 12 month high of GBX 4,757 ($59.17). The company has a current ratio of 0.96, a quick ratio of 1.19 and a debt-to-equity ratio of 104.83. The stock has a market cap of £6.82 billion, a price-to-earnings ratio of 2,369.66, a P/E/G ratio of 2.33 and a beta of 0.60.

Intertek Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be given a dividend of GBX 71.60 ($0.89) per share. This represents a yield of 1.64%. This is a positive change from Intertek Group’s previous dividend of $34.20. The ex-dividend date of this dividend is Thursday, May 25th. Intertek Group’s payout ratio is 5,955.06%.

Insider Activity at Intertek Group

In other Intertek Group news, insider Andrew Martin bought 450 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was bought at an average cost of GBX 4,082 ($50.77) per share, for a total transaction of £18,369 ($22,847.01). 0.57% of the stock is currently owned by company insiders.

About Intertek Group

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Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, 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.