Intertek Group (LON:ITRK) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Shares of Intertek Group plc (LON:ITRK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,914.95 ($63.55) and traded as high as GBX 4,998 ($64.62). Intertek Group shares last traded at GBX 4,958 ($64.11), with a volume of 51,328,465 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Shore Capital reaffirmed a "sell" rating on shares of Intertek Group in a research note on Tuesday, March 11th. JPMorgan Chase & Co. upped their price objective on shares of Intertek Group from GBX 5,400 ($69.82) to GBX 5,500 ($71.11) and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Berenberg Bank lifted their target price on shares of Intertek Group from GBX 5,800 ($74.99) to GBX 6,000 ($77.58) and gave the stock a "buy" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,675 ($73.38).

Intertek Group Stock Performance

The company has a market cap of £8.04 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.99 and a beta of 0.63. 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's 50 day moving average price is GBX 5,093.63 and its 200 day moving average price is GBX 4,915.71.

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Intertek Group (LON:ITRK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.14) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, analysts expect that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Intertek Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of GBX 102.60 ($1.33) per share. This represents a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase from Intertek Group's previous dividend of $53.90. Intertek Group's payout ratio is 66.71%.

Insider Transactions at Intertek Group

In related news, insider Steven L. Mogford purchased 121 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of GBX 4,892 ($63.25) per share, for a total transaction of £5,919.32 ($7,653.63). Also, insider Andre Lacroix sold 39,498 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.57), for a total value of £1,972,530.12 ($2,550,465.63). Company insiders own 0.45% of the company's stock.

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.