Insider Buying: Intertek Group plc (LON:ITRK) Insider Acquires 2,198 Shares of Stock

Intertek Group plc (LON:ITRK - Get Free Report) insider Robin Freestone purchased 2,198 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of GBX 4,525 ($60.16) per share, for a total transaction of £99,459.50 ($132,242.39).

Intertek Group Stock Up 0.5 %

Shares of ITRK traded up GBX 22 ($0.29) during midday trading on Friday, reaching GBX 4,552 ($60.52). 418,151 shares of the stock were exchanged, compared to its average volume of 2,433,253. The company has a market cap of £7.31 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.99 and a beta of 0.63. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. Intertek Group plc has a 12-month low of GBX 4,044 ($53.77) and a 12-month high of GBX 5,575 ($74.13). The firm has a 50 day simple moving average of GBX 4,910.31 and a 200-day simple moving average of GBX 4,859.03.

Intertek Group (LON:ITRK - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.23) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Research analysts forecast that Intertek Group plc will post 263.7305699 EPS for the current 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 paid a GBX 102.60 ($1.36) dividend. This represents a dividend yield of 2.11%. This is an increase from Intertek Group's previous dividend of $53.90. The ex-dividend date is Thursday, May 29th. Intertek Group's dividend payout ratio (DPR) is presently 66.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ITRK shares. Berenberg Bank increased their price objective on Intertek Group from GBX 5,800 ($77.12) to GBX 6,000 ($79.78) and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Shore Capital upgraded Intertek Group to a "hold" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 5,675 ($75.46).

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.