Brokerages Set Intertek Group plc (LON:ITRK) PT at GBX 4,751

Shares of Intertek Group plc (LON:ITRK) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 4,959.17 ($61.73).

ITRK has been the subject of several analyst reports. Berenberg Bank boosted their target price on Intertek Group from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) and gave the stock a “buy” rating in a research note on Monday, April 15th. Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($74.69) target price for the company in a research note on Friday.

Intertek Group Trading Up 1.2 %

Shares of LON ITRK opened at GBX 4,906 ($61.07) on Monday. Intertek Group has a twelve month low of GBX 3,746 ($46.63) and a twelve month high of GBX 5,068 ($63.09). The company has a current ratio of 1.09, a quick ratio of 1.19 and a debt-to-equity ratio of 89.53. The stock has a fifty day simple moving average of GBX 4,783.06 and a 200-day simple moving average of GBX 4,351.68. The stock has a market capitalization of £7.92 billion, a PE ratio of 2,680.87, a PEG ratio of 2.10 and a beta of 0.64.

Intertek Group Increases Dividend

The business 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 represents a yield of 1.6%. The ex-dividend date is Thursday, May 30th. This is a boost from Intertek Group’s previous dividend of $37.70. Intertek Group’s payout ratio is 6,120.22%.

Insider Activity at Intertek Group

In related news, insider Jeremy (Jez) Maiden purchased 114 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of GBX 5,032 ($62.64) per share, for a total transaction of £5,736.48 ($7,141.14). 0.54% of the stock is currently owned by insiders.

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.