Intertek Group (LON:ITRK) Reaches New 1-Year Low - Should You Sell?

Intertek Group plc (LON:ITRK - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 4,314 ($56.47) and last traded at GBX 4,338 ($56.78), with a volume of 1467277 shares changing hands. The stock had previously closed at GBX 4,639.23 ($60.72).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ITRK shares. Shore Capital upgraded Intertek Group to a "hold" rating in a research report on Tuesday. Berenberg Bank increased their target price on shares of Intertek Group from GBX 5,800 ($75.92) to GBX 6,000 ($78.53) and gave the company a "buy" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Intertek Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,675 ($74.28).

Intertek Group Price Performance

The stock has a 50 day moving average of GBX 4,968.29 and a 200-day moving average of GBX 4,877.28. 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 stock has a market capitalization of £7.00 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.18) earnings per share for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. On average, equities research analysts anticipate that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Intertek Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of GBX 102.60 ($1.34) per share. This is a positive change from Intertek Group's previous dividend of $53.90. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 2.11%. Intertek Group's dividend payout ratio (DPR) is presently 66.71%.

Insider Buying and Selling at Intertek Group

In other Intertek Group news, insider Andre Lacroix sold 39,498 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($65.37), for a total transaction of £1,972,530.12 ($2,581,845.71). Also, insider Steven L. Mogford bought 121 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of GBX 4,892 ($64.03) per share, with a total value of £5,919.32 ($7,747.80). 0.45% of the stock is owned by corporate insiders.

About Intertek Group

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.