Intertek Group (LON:ITRK) PT Raised to GBX 5,400 at Berenberg Bank

Intertek Group (LON:ITRK) had its price objective hoisted by Berenberg Bank from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) in a research report report published on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other analysts also recently commented on ITRK. BNP Paribas upgraded shares of Intertek Group to an outperform rating and set a GBX 5,000 ($62.24) target price on the stock in a report on Wednesday, December 20th. Shore Capital reiterated a hold rating on shares of Intertek Group in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of GBX 4,751 ($59.14).

Intertek Group Stock Up 0.2 %

LON ITRK opened at GBX 4,850 ($60.38) on Monday. The company has a debt-to-equity ratio of 89.53, a current ratio of 1.09 and a quick ratio of 1.19. The company’s 50 day simple moving average is GBX 4,774.28 and its 200 day simple moving average is GBX 4,345.98. Intertek Group has a 12 month low of GBX 3,746 ($46.63) and a 12 month high of GBX 5,068 ($63.09). The company has a market capitalization of £7.83 billion, a P/E ratio of 2,650.27, a PEG ratio of 2.10 and a beta of 0.64.

Intertek Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 30th will be issued a dividend of GBX 74 ($0.92) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 1.6%. This is a positive change from Intertek Group’s previous dividend of $37.70. Intertek Group’s payout ratio is currently 6,120.22%.

Insider Activity

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