Royal Bank of Canada Reaffirms “Outperform” Rating for Intertek Group (LON:ITRK)

Royal Bank of Canada restated their outperform rating on shares of Intertek Group (LON:ITRK) in a research note released on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 5,200 ($66.39) price objective on the stock.

Several other equities analysts have also recently weighed in on ITRK. Redburn Partners upgraded Intertek Group to a buy rating and set a GBX 6,000 ($76.61) price target for the company in a report on Friday, April 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 5,500 ($70.22) price objective on shares of Intertek Group in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of GBX 5,351 ($68.32).

Intertek Group Price Performance

ITRK stock opened at GBX 4,740 ($60.52) on Thursday. The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27. The company’s fifty day moving average price is GBX 4,771.77 and its 200-day moving average price is GBX 4,799.28. Intertek Group has a one year low of GBX 3,746 ($47.83) and a one year high of GBX 5,145 ($65.69). The company has a market capitalization of £7.64 billion, a PE ratio of 2,494.74, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64.

Intertek Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 53.90 ($0.69) per share. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 1.09%. Intertek Group’s dividend payout ratio (DPR) is presently 6,736.84%.

Intertek Group Company Profile

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.