Intertek Group (LON:ITRK) Shares Pass Above 200-Day Moving Average of $4,829.01

Intertek Group plc (LON:ITRK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,829.01 ($63.50) and traded as high as GBX 4,950 ($65.09). Intertek Group shares last traded at GBX 4,950 ($65.09), with a volume of 219,598 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on ITRK. Berenberg Bank restated a “buy” rating and set a GBX 5,500 ($72.32) price target on shares of Intertek Group in a research report on Wednesday, July 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 5,200 ($68.38) target price on shares of Intertek Group in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,351 ($70.36).

Intertek Group Stock Down 0.4 %

The company has a debt-to-equity ratio of 100.41, a current ratio of 1.27 and a quick ratio of 1.19. The company has a market cap of £7.96 billion, a PE ratio of 2,601.05, a P/E/G ratio of 1.92 and a beta of 0.63. The business’s 50 day moving average is GBX 4,790.69 and its 200-day moving average is GBX 4,833.26.

Intertek Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 12th will be issued a GBX 53.90 ($0.71) dividend. This represents a yield of 1.09%. The ex-dividend date is Thursday, September 12th. 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.