Intertek Group (LON:ITRK) Shares Cross Above 200-Day Moving Average - Should You Sell?

Shares of Intertek Group plc (LON:ITRK - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,879.30 ($65.27) and traded as high as GBX 5,160 ($69.02). Intertek Group shares last traded at GBX 5,095 ($68.15), with a volume of 266,046 shares changing hands.

Wall Street Analysts Forecast Growth

ITRK has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 5,200 ($69.56) price target on shares of Intertek Group in a research note on Thursday, August 15th. Berenberg Bank restated a "buy" rating and set a GBX 5,500 ($73.57) target price on shares of Intertek Group in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 5,425 ($72.57).

Intertek Group Stock Performance

The company has a debt-to-equity ratio of 100.41, a current ratio of 1.27 and a quick ratio of 1.19. The business has a 50-day moving average of GBX 4,902.61 and a 200-day moving average of GBX 4,879.30. The company has a market capitalization of £8.26 billion, a P/E ratio of 2,681.58, a P/E/G ratio of 1.98 and a beta of 0.63.

Intertek Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be paid a GBX 53.90 ($0.72) dividend. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 12th. Intertek Group's payout ratio is currently 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.