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:ITRKGet 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, 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

(Get Rating)

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.

Further Reading

Analyst Recommendations for Intertek Group (LON:ITRK)

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