Intertek Group (LON:ITRK) Price Target Raised to GBX 5,400 at Berenberg Bank

Intertek Group (LON:ITRK) had its price target increased by Berenberg Bank from GBX 4,900 ($61.00) to GBX 5,400 ($67.22) in a research report released on Monday, MarketBeat reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on ITRK. BNP Paribas raised shares of Intertek Group to an outperform rating and set a GBX 5,000 ($62.24) price target on the stock in a research report on Wednesday, December 20th. Shore Capital reaffirmed a hold rating on shares of Intertek Group in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of GBX 4,751 ($59.14).

Intertek Group Stock Performance

Shares of Intertek Group stock opened at GBX 4,752 ($59.16) on Monday. The company has a quick ratio of 1.19, a current ratio of 1.09 and a debt-to-equity ratio of 89.53. The stock has a market cap of £7.67 billion, a price-to-earnings ratio of 2,655.74, a P/E/G ratio of 2.10 and a beta of 0.64. The company’s fifty day moving average is GBX 4,749.86 and its 200 day moving average is GBX 4,333.90. Intertek Group has a twelve month low of GBX 3,746 ($46.63) and a twelve month high of GBX 5,068 ($63.09).

Intertek Group Increases Dividend

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

Insider Buying and Selling

In other Intertek Group news, insider Jeremy (Jez) Maiden bought 114 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price 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 currently owned by company 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.