Intertek Group plc (LON:ITRK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Intertek Group plc (LON:ITRK) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 5,351 ($70.69).

Several equities research analysts have commented on ITRK shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,500 ($72.66) price objective on shares of Intertek Group in a report on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and set a GBX 5,200 ($68.69) price objective on shares of Intertek Group in a research note on Thursday, August 15th.

Intertek Group Price Performance

ITRK stock opened at GBX 5,035 ($66.51) on Thursday. The firm has a market cap of £8.11 billion, a P/E ratio of 2,650.00, a P/E/G ratio of 1.98 and a beta of 0.63. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 100.41. The company’s 50-day moving average price is GBX 4,824.51 and its two-hundred day moving average price is GBX 4,855.20. Intertek Group has a 12 month low of GBX 3,746 ($49.48) and a 12 month high of GBX 5,145 ($67.97).

Intertek Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 12th will be given a dividend of GBX 53.90 ($0.71) per share. This represents a yield of 1.09%. The ex-dividend date is Thursday, September 12th. Intertek Group’s dividend payout ratio is 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.