Brokerages Set Intertek Group plc (LON:ITRK) PT at GBX 4,751

Shares of Intertek Group plc (LON:ITRK) have received an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 4,959.17 ($61.73).

A number of analysts have recently issued reports on the company. Redburn Partners raised Intertek Group to a “buy” rating and set a GBX 6,000 ($74.69) target price on the stock in a research report on Friday. Berenberg Bank boosted their price objective on Intertek Group from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) and gave the company a “buy” rating in a report on Monday, April 15th.

Intertek Group Stock Up 1.2 %

Shares of LON ITRK opened at GBX 4,906 ($61.07) on Monday. Intertek Group has a 1 year low of GBX 3,746 ($46.63) and a 1 year high of GBX 5,068 ($63.09). The firm has a market cap of £7.92 billion, a price-to-earnings ratio of 2,680.87, a PEG ratio of 2.10 and a beta of 0.64. The company has a debt-to-equity ratio of 89.53, a quick ratio of 1.19 and a current ratio of 1.09. The stock’s 50-day simple moving average is GBX 4,783.06 and its 200-day simple moving average is GBX 4,351.68.

Intertek Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 30th will be issued a GBX 74 ($0.92) dividend. This is a positive change from Intertek Group’s previous dividend of $37.70. This represents a yield of 1.6%. The ex-dividend date is Thursday, May 30th. Intertek Group’s payout ratio is currently 6,120.22%.

Insider Activity at Intertek Group

In related news, insider Jeremy (Jez) Maiden bought 114 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of GBX 5,032 ($62.64) per share, for a total transaction of £5,736.48 ($7,141.14). 0.54% of the stock is owned by corporate insiders.

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.