Shares of Intertek Group plc (LON:ITRK) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 4,960 ($64.81).
ITRK has been the topic of several recent research reports. Goldman Sachs Group boosted their price target on shares of Intertek Group from GBX 5,330 ($69.65) to GBX 5,600 ($73.17) and gave the company a “neutral” rating in a research report on Monday, January 21st. Berenberg Bank lowered shares of Intertek Group to a “hold” rating and dropped their price target for the company from GBX 5,500 ($71.87) to GBX 4,800 ($62.72) in a research note on Thursday, February 21st. Kepler Capital Markets lowered shares of Intertek Group to a “hold” rating and increased their price target for the company from GBX 5,045 ($65.92) to GBX 5,150 ($67.29) in a research note on Friday, February 22nd. Shore Capital reiterated a “hold” rating on shares of Intertek Group in a research note on Tuesday, March 5th. Finally, Barclays lowered shares of Intertek Group to an “underweight” rating in a research note on Wednesday, March 6th.
In other news, insider Andre Lacroix sold 43,345 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of GBX 4,765 ($62.26), for a total value of £2,065,389.25 ($2,698,796.88). Also, insider Gill Rider acquired 123 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of GBX 4,657 ($60.85) per share, with a total value of £5,728.11 ($7,484.79).
Shares of ITRK stock traded down GBX 22 ($0.29) on Friday, hitting GBX 5,086 ($66.46). 284,295 shares of the stock traded hands, compared to its average volume of 450,024. The company has a current ratio of 1.25, a quick ratio of 1.18 and a debt-to-equity ratio of 108.46. The stock has a market cap of $8.22 billion and a price-to-earnings ratio of 29.11. Intertek Group has a twelve month low of GBX 4,323 ($56.49) and a twelve month high of GBX 6,084 ($79.50).
The company also recently disclosed a dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Thursday, May 16th will be issued a GBX 67.20 ($0.88) dividend. This is an increase from Intertek Group’s previous dividend of $31.90. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, May 16th. Intertek Group’s dividend payout ratio is presently 0.57%.
About Intertek Group
Intertek Group plc provides quality and safety solutions to various industries worldwide. 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.
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