Intertek Group (LON:ITRK) Shares Cross Above 200 Day Moving Average of $4,387.96

Intertek Group plc (LON:ITRK)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,387.96 ($55.12) and traded as high as GBX 4,986 ($62.63). Intertek Group shares last traded at GBX 4,936 ($62.00), with a volume of 175,975 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Berenberg Bank boosted their price objective on Intertek Group from GBX 4,900 ($61.55) to GBX 5,400 ($67.83) and gave the company a “buy” rating in a research note on Monday, April 15th. Redburn Partners upgraded Intertek Group to a “buy” rating and set a GBX 6,000 ($75.37) price objective for the company in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,959.17 ($62.29).

Intertek Group Stock Down 0.2 %

The company has a fifty day moving average of GBX 4,850.68 and a two-hundred day moving average of GBX 4,387.96. The company has a market cap of £7.97 billion, a PE ratio of 2,697.27, a price-to-earnings-growth 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.

Intertek Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 30th will be issued a dividend of GBX 74 ($0.93) per share. This represents a yield of 1.6%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from Intertek Group’s previous dividend of $37.70. Intertek Group’s dividend payout ratio is presently 6,120.22%.

Insider Activity at Intertek Group

In related news, insider Jeremy (Jez) Maiden purchased 114 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of GBX 5,032 ($63.21) per share, for a total transaction of £5,736.48 ($7,205.73). 0.54% of the stock is currently owned by insiders.

Intertek Group Company Profile

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.