Intertek Group (LON:ITRK) PT 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 report published on Monday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on ITRK. BNP Paribas upgraded Intertek Group to an outperform rating and set a GBX 5,000 ($62.24) target price for the company in a research note on Wednesday, December 20th. Shore Capital reiterated a hold rating on shares of Intertek Group in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of GBX 4,751 ($59.14).

Intertek Group Stock Performance

Shares of ITRK stock opened at GBX 4,850 ($60.38) on Monday. The firm has a market capitalization of £7.83 billion, a price-to-earnings ratio of 2,650.27, 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 current ratio of 1.09 and a quick ratio of 1.19. The business has a fifty day moving average of GBX 4,774.28 and a 200 day moving average of GBX 4,345.98. Intertek Group has a 1 year low of GBX 3,746 ($46.63) and a 1 year 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. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 74 ($0.92) per share. The ex-dividend date of this dividend 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 (DPR) is presently 6,120.22%.

Insider Activity

In other Intertek Group news, insider Jeremy (Jez) Maiden bought 114 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of GBX 5,032 ($62.64) per share, for a total transaction of £5,736.48 ($7,141.14). Insiders own 0.54% of the company’s stock.

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.