Intertek Group (LON:ITRK) Hits New 52-Week Low – Here’s What Happened

Intertek Group plc (LON:ITRK) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 4,314 ($55.12) and last traded at GBX 4,338 ($55.43), with a volume of 1467277 shares traded. The stock had previously closed at GBX 4,639.23 ($59.28).

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ITRK. Shore Capital raised Intertek Group to a “hold” rating in a research report on Tuesday. Berenberg Bank upped their price target on shares of Intertek Group from GBX 5,800 ($74.11) to GBX 6,000 ($76.67) and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 5,675 ($72.51).

Intertek Group Price Performance

The firm has a 50 day moving average of GBX 5,037.93 and a 200-day moving average of GBX 4,898.52. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The company has a market cap of £6.70 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK) last released its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.10) EPS for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, equities research analysts predict that Intertek Group plc will post 263.7305699 EPS for the current year.

Intertek Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of GBX 102.60 ($1.31) per share. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase from Intertek Group’s previous dividend of $53.90. Intertek Group’s dividend payout ratio is 66.71%.

Insider Transactions at Intertek Group

In related news, insider Andre Lacroix sold 39,498 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of GBX 4,994 ($63.81), for a total value of £1,972,530.12 ($2,520,483.16). Also, insider Steven L. Mogford purchased 121 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of GBX 4,892 ($62.51) per share, for a total transaction of £5,919.32 ($7,563.66). Insiders own 0.45% of the company’s stock.

Intertek Group Company Profile

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life.