Intertek Group’s (ITRK) Underweight Rating Reaffirmed at Barclays

Barclays reissued their underweight rating on shares of Intertek Group (LON:ITRKGet Rating) in a report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 4,400 ($54.73) price objective on the stock.

A number of other equities research analysts also recently commented on the company. Citigroup upgraded Intertek Group to a buy rating and set a GBX 5,017 ($62.40) target price on the stock in a research report on Tuesday, May 9th. Societe Generale began coverage on Intertek Group in a research report on Tuesday, February 14th. They issued a buy rating on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a GBX 3,900 ($48.51) target price on shares of Intertek Group in a research report on Thursday. Finally, Shore Capital restated a hold rating on shares of Intertek Group in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from, the company presently has a consensus rating of Hold and a consensus price target of GBX 4,283.40 ($53.28).

Intertek Group Price Performance

Shares of LON:ITRK traded up GBX 8.60 ($0.11) during mid-day trading on Thursday, reaching GBX 4,226.60 ($52.57). The stock had a trading volume of 396,587 shares, compared to its average volume of 328,151. The company has a current ratio of 0.96, a quick ratio of 1.19 and a debt-to-equity ratio of 104.83. The company has a market cap of £6.82 billion, a P/E ratio of 2,374.49, a price-to-earnings-growth ratio of 2.33 and a beta of 0.60. Intertek Group has a 1 year low of GBX 3,485 ($43.35) and a 1 year high of GBX 4,757 ($59.17). The business’s 50 day moving average price is GBX 4,089.98 and its 200 day moving average price is GBX 4,145.24.

Intertek Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be given a dividend of GBX 71.60 ($0.89) per share. The ex-dividend date of this dividend is Thursday, May 25th. This is an increase from Intertek Group’s previous dividend of $34.20. This represents a yield of 1.64%. Intertek Group’s dividend payout ratio is 5,955.06%.

Insider Activity

In other Intertek Group news, insider Andrew Martin bought 450 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of GBX 4,082 ($50.77) per share, with a total value of £18,369 ($22,847.01). Insiders own 0.57% of the company’s stock.

Intertek Group Company Profile

(Get Rating)

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.

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Analyst Recommendations for Intertek Group (LON:ITRK)

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