Intertek Group (LON:ITRK) Reaches New 52-Week High at $5,155.00

Intertek Group plc (LON:ITRK - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 5,155 ($69.03) and last traded at GBX 5,155 ($69.03), with a volume of 714868 shares changing hands. The stock had previously closed at GBX 5,130 ($68.69).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ITRK shares. Royal Bank of Canada restated an "outperform" rating and set a GBX 5,200 ($69.63) price objective on shares of Intertek Group in a report on Thursday, August 15th. Berenberg Bank reiterated a "buy" rating and issued a GBX 5,500 ($73.65) target price on shares of Intertek Group in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Intertek Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 5,351 ($71.65).

Intertek Group Stock Performance

The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 100.41. The company's 50 day moving average is GBX 4,857.11 and its 200-day moving average is GBX 4,871.54. The company has a market capitalization of £8.28 billion, a P/E ratio of 2,705.26, a price-to-earnings-growth ratio of 1.98 and a beta of 0.63.

Intertek Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 53.90 ($0.72) per share. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, September 12th. Intertek Group's payout ratio is presently 6,736.84%.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.