Intertek Group (LON:ITRK) Upgraded by Shore Capital to "Hold" Rating

Shore Capital upgraded shares of Intertek Group (LON:ITRK - Free Report) to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports.

Separately, Berenberg Bank boosted their target price on shares of Intertek Group from GBX 5,800 ($75.92) to GBX 6,000 ($78.53) and gave the stock a "buy" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,675 ($74.28).

Intertek Group Stock Up 0.6 %

ITRK traded up GBX 24.65 ($0.32) during trading on Tuesday, hitting GBX 4,358.65 ($57.05). The stock had a trading volume of 799,820 shares, compared to its average volume of 2,524,926. Intertek Group has a twelve month low of GBX 4,044 ($52.93) and a twelve month high of GBX 5,575 ($72.97). The stock has a 50 day simple moving average of GBX 4,968.29 and a two-hundred day simple moving average of GBX 4,877.28. The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. The company has a market capitalization of £7.00 billion, a PE ratio of 22.72, a PEG ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK - Get Free Report) last issued its quarterly 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, research analysts predict that Intertek Group will post 263.7305699 earnings per share for the current year.

Intertek Group Increases Dividend

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

Insiders Place Their Bets

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