Intertek Group (LON:ITRK) Sets New 12-Month Low - Time to Sell?

Intertek Group plc (LON:ITRK - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 48.72 ($0.63) and last traded at GBX 4,852 ($62.65), with a volume of 2645912 shares. The stock had previously closed at GBX 4,866 ($62.84).

Wall Street Analyst Weigh In

A number of analysts have issued reports on ITRK shares. JPMorgan Chase & Co. lifted their price target on Intertek Group from GBX 5,400 ($69.73) to GBX 5,500 ($71.02) and gave the stock an "overweight" rating in a report on Thursday, December 5th. Berenberg Bank boosted their price target on shares of Intertek Group from GBX 5,800 ($74.90) to GBX 6,000 ($77.48) and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Shore Capital reaffirmed a "sell" rating on shares of Intertek Group in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Intertek Group presently has an average rating of "Moderate Buy" and an average price target of GBX 5,675 ($73.28).

Intertek Group Trading Down 0.3 %

The company has a market cap of £7.86 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The business's 50-day simple moving average is GBX 5,080.28 and its 200-day simple moving average is GBX 4,913.85.

Intertek Group (LON:ITRK - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. Research analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

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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 paid a dividend of GBX 102.60 ($1.32) per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 2.11%. This is a positive change from Intertek Group's previous dividend of $53.90. Intertek Group's dividend payout ratio (DPR) is presently 66.71%.

Insider Buying and Selling

In related news, insider Andre Lacroix sold 39,498 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.49), for a total value of £1,972,530.12 ($2,547,172.16). Also, insider Steven L. Mogford purchased 121 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of GBX 4,892 ($63.17) per share, for a total transaction of £5,919.32 ($7,643.75). 0.45% of the stock is currently owned by company insiders.

Intertek Group Company Profile

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.